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"Early Diwali", "Bigger than 20 budgets": How leaders, analysts reacted to Nirmala Sitharaman's tax cut proposal

Updated : 2019-09-20 13:56:01

Industry experts, business leaders and stock market investors cheered the government's proposal to cut corporate tax rates on existing domestic companies and new manufacturing companies to one of the lowest in Asia. "Early Diwali" and "Bigger than the budget" are among the phrases investors used to describe the move taken by the government to boost the growth engines of the Indian economy. Benchmark indices BSE Sensex and NSE's Nifty 50 also surged over 5 percent following the announcement. Here are the key quoted from industry leaders on the proposed tax cuts.

S Subramaniam, CFO, Titan
S Subramaniam, CFO, Titan
Shaktikanta Das, RBI governor
Shaktikanta Das, RBI governor
Samir Arora, Helios Capital
Samir Arora, Helios Capital
Deepak Parekh, Chairman, HDFC
Deepak Parekh, Chairman, HDFC
Ajay Piramal, Piramal Enterprises
Ajay Piramal, Piramal Enterprises
Pronab Sen, former chief statistician
Pronab Sen, former chief statistician
Dinesh Kanabar, Dhruva Advisors
Dinesh Kanabar, Dhruva Advisors
Vallabh Bhanshali, Enam Securities
Vallabh Bhanshali, Enam Securities
Manish Chokhani
Manish Chokhani
Nilesh Shah, Envision Cap
Nilesh Shah, Envision Cap
Vikas Khemani
Vikas Khemani
Samir Arora, Helios Capital
Samir Arora, Helios Capital
Highlight of finance minister Nirmala Sitharaman's press briefing
Highlight of finance minister Nirmala Sitharaman's press briefing
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