Indian Stock Markets jumped after Finance Minister announced reduction in corporate tax.
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Finance Minister made a surprise announcement on Friday about reducing corporate tax to 25.17 percent.
Corporate Tax Reduction is a major step in the right direction for Indian economy. This will not only boost popularity of Narendra Modi but will help business and economy in general.
Indian stock markets cheered the decision of cut in corporate taxes.
Indian markets cheered the announcement of corporate tax reduction with one of the biggest single-trading session gains in last 10 years.
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Indian government has taken a major step towards helping the economy with reduction in corporate tax rate.
Indian markets have witnessed slight pullback over the last few trading sessions and mid-cap stocks have gained momentum. Markets are expected to remain range-bound in the next couple of weeks.
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