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Friday 20 September 2019

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Tax cuts: SBI pegs companies saving at Rs 50,000 crore

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The government's unexpected move to massively slash corporate taxes by over 10 percentage points will result in savings of over Rs 50,000 crore to India Inc, according to an analysis by economists at State Bank. The benefit coming in from the Rs 1.45 lakh crore tax giveaways will also help companies to cut prices by up to 5 per cent to boost consumer demand.

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