FM Nirmala Sitharaman announced a cut in the corporate tax rate for manufacturing such units to 17 per cent which is likely to attract MNCs to establish units in India, especially when companies are looking beyond China given its trade war with the US
FM Nirmala Sitharaman on Thursday asked banks not to announce any stressed loan account for MSMEs as NPA till March 2020 and work on its debt modification
India imports 83 per cent of its crude oil requirement making it vulnerable to external shocks such as the drone attack on Saudi Aramco's oil plants; petrol and diesel prices up the most in two days since Union Budget
Communications minister Ravi Shankar Prasad asked the differentiated bank to increase its bank accounts count to 5 crore by 2020 from 1 crore at present