Sensex makes huge jump after government announces slash in corporate tax rates
Mumbai: The stock market gained over 1200 points after Union Finance Minister Nirmala Sitharaman made a big announcement of slashing corporate tax rates on Friday.
The BSE Sensex is up by over 1200 points.
NIFTY is up by over 300 points.
Sitharaman on Friday announced the slashing of the corporate tax rates for domestic companies as well as domestic manufacturing companies.
The tax rate has been slashed to 22 per cent.
The announcement has been made ahead of the crucial Goods and Services Tax (GST) Council meet.
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