Corporate tax rate cut for companies by almost 10 percentage points to 25.17 per cent.
The GDP growth in the April-June quarter of the 2019- 20 fiscal was 5 per cent, according to government data.
Governor also welcomed the government announcement in the morning to slash corporate tax across the board.
Apples are the lifeblood of Kashmir’s economy, involving 3.5 million people, around half the population of the state.
We need to think what kind of innovation we need to undertake to attain a high growth, said Niti Aayog CEO Amitabh Kant.
Last week, the government announced a slew of measures to boost exports and the real estate sector.
The blue print for the stimulus is ready that would be announced by FM Nirmala Sitharaman in the next few days, an official said.
He said that the RBI has been cutting rates to give a boost to the economy as slowdown was visible for past few months.
The government has mandated the Reserve Bank of India to keep the retail inflation in the band of 2-6 per cent.
IMF spokesman Gerry Rice said trade tensions were beginning to affect a world economy already many facing challenges.