The financial stability has to be monitored following the announcement of the finance minister

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Ahmedabad. September 20, 2019, Friday

In the mini-budget released today, two-and-a-half months after the introduction of the General Budget, the finance minister suddenly announced a mega booster dose to cope with the downturn in the corporate sector and the stock market. The finance minister had reduced the corporate tax for companies from 5 percent to 5 percent, and after responding to corporate and other advertisements touching the market, experts from the bank, corporate sector, presented their response.

* The decision to reduce corporate tax will prove to be positive for the economy. However, financial stability has to be monitored simultaneously.

- Governor, Reserve Bank

* The bold step in the last 3 years for the corporate sector today is 'bold reform'. Following this step, there will be many concessions in the corporate sector.

- Rajneesh Kumar, State Bank

* With the reduction of the corporate tax rate, other financial concessions will improve the sentiment of the corporate sector and investors. 'Make in India' will accelerate the campaign.

- Dr. Niranjan Hiranandani

* This step of the government is a historic step. This step will benefit the manufacturing sector the most.

- Kumar Mangalam Birla

* The decision to reduce corporate tax will be crucial for growth. After this step, foreign companies will be attracted to India, however, this step will put pressure on the fiscal deficit.

- Deepak Parekh, HDFC

* Today's government advertisements are bigger than the budget advertisements of the last three years.

- Wind Goenka

* This is an important step to boost the economy. Reducing corporate tax will reduce the burden of companies.

- Rise Kotak

* The corporate tax system of India was obscured all over the world. Following this step, the bottom line of the companies will improve.

- Kiran Majumdar

* Sentiments in the market will definitely improve. More jobs will be added to the market. Economy will bring more money Economy will see growth, Fiscal situation will improve. GDP will see improvement.

- Kiki Mistry

* The industry should try to take advantage of this. Increasing the value and demand of the product should increase sales and manufacturing. If production goes up, the losses will be offset.

- R. C. Bhargava

* This is a game-changing event. This is the most important step. This will increase the investment opportunity. Credit, liquidity, sentiment and investment cycle will be revived.

- The banker

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