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Friday Blockbuster: Sensex Rockets 1,921 Pts on Tax Booster

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Friday Blockbuster: Sensex Rockets 1,921 Pts on Tax Booster Follow us on: RNI No. TELENG/2018/76469 @TheDailyPioneer facebook.com/dailypioneer Established 1864 Published From OPINION 8 HYDERABAD 11 SPORTS 15 HYDERABAD DELHI LUCKNOW NOT A MATTER WILL DO WHATEVER IT TAKES TO AMIT 1ST INDIAN TO BHOPAL RAIPUR CHANDIGARH FOR COURTS BRING CANCER AWARENESS: ARJUN ENTER WORLD’S FINAL BHUBANESWAR RANCHI DEHRADUN VIJAYAWADA *LATE CITY VOL. 1 ISSUE 348 HYDERABAD, SATURDAY SEPTEMBER 21, 2019; PAGES 16 `3 *Air Surcharge Extra if Applicable KEERTHY TURNS CHAIWALI FOR MISS INDIA { Page 13 } www.dailypioneer.com Medaram Jatara from Friday blockbuster: Sensex Bridge collapses Feb 5 in Vemulawada WARANGAL: Tribal priests on Friday announced the rockets 1,921 pts on tax booster dates for the biennial of Contractor left works midway as Medaram Jatara. The festival, PNS n MUMBAI considered as 'Kumbh Mela govt failed to clear bills of Telangana', would com- Markets roared back to life on mence on 5 February, 2020, Friday, with the Sensex posting Govt slashes corporate RAMAKRISHNA PERALA reportedly not sanctioned, the with the arrival of tribal deity its biggest single-day jump in n KARIMNAGAR contractor left the works mid- Saralamma from Kannepally, over a decade at 1,921 points way. Centring works for 150 two km from Medaram vil- and investors' wealth soaring tax for domestic firms Torrential rains in the meters out of the total length lage. On February 6, deity by a staggering Rs 6.8 lakh PNS n GOA Vemulawada region of Siricilla of 190 meters have been com- Sammakka would arrive crore, after the Finance district caused the collapse of pleted. However, incessant from the Chilakalagutta Minister delivered a surprise In a major fiscal booster, the a newly constructed road rains widened the cracks. On hillocks, about two km from cut in corporate tax rates. government on Friday slashed bridge on Friday. The bridge, Friday, the pillars initially the altar at Medaram village. Announcing the latest set of effective corporate tax to 25.17 constructed on the Mulavaagu, leaned and later collapsed all Devotees are expected to measures to jump-start flag- per cent inclusive of all cess and crashed after 16 beams, which of a sudden under the influ- throng the hallowed precincts ging growth, Finance Minister surcharges for domestic com- had developed cracks report- ence of floods. of the jatara and pay respects Nirmala Sitharaman slashed panies. edly due to non-completion of Meanwhile, the state gov- to the deities on February 7, the base corporate tax for Making the announcement, works, gave away in the flood ernment has ordered an considered to be an auspi- existing companies to 22 per Finance Minister Nirmala of waters. enquiry into the bridge col- cious Friday. cent from 30 per cent; and for Sitharaman said the new tax Sai Constructions was given lapse. Roads & Buildings Continued on Page 2 new manufacturing firms, rate will be applicable from the the contract for building two Minister Vemula Prashanth incorporated after October 1, current fiscal which began on bridges on the Mulavaagu for Reddy appointed R&B chief 2019, to 15 per cent from 25 April 1. Rs.28 crore. Even before the engineer B Chandulal to con- per cent. Tax cut ‘historic’: PM Modi Sitharaman said the rev- Nirmala Sitharaman first bridge could be commis- duct the inquiry and submit a CBI court Bulls took over the market step to cut corporate tax is enue foregone on reduction in sioned, works began on the report within 24 hours to soon after the announcements. PNS n NEW DELHI historic. It is a great stimu- corporate tax and other relief Sitharaman said the second bridge. However, since enable government to initiate admits CM The 30-share BSE Sensex lus to #MakeInIndia, attract measures will be Rs 1.45 lakh revenue foregone on the bills for works done were action. soared 2,284.55 points to a Prime Minister Narendra private investment from crore annually. reduction in corporate peak of 38,378.02 intra-day, Modi said today that his across the globe, improve This, she said is being done tax and other relief Jagan's plea before settling 1,921.15 points government's corporate tax competitiveness of our pri- to promote investment and HYDERABAD: The CBI or 5.32 per cent higher at move was historic and a vate sector, create more jobs growth. measures will be Rs Court at Hyderabad on 38,014.62. "win-win" for 130 crore and result in a win-win for In effect, the corporate tax 1.45 lakh crore Friday admitted a petition Similarly, the broader NSE Indians. It would give great 130 crore Indians," PM Modi rate will be 22 per cent for annually filed by Andhra Pradesh Nifty zoomed 569.40 points or stimulus to his flagship Make tweeted after Finance domestic companies, if they do Chief Minister YS Jagan 5.32 per cent to end at in India scheme besides Minister Nirmala not avail any incentive or con- Mohan Reddy seeking 11,274.20. attracting investments, PM Sitharaman announced the cession. to pay minimum alternative exemption from personal The market capitalisation Modi said in tweets. "The measures. The changes in the Income tax (MAT). appearance before the court. of BSE-listed companies Tax Act and Finance Act will Sitharaman further said, In his petition, the AP Chief jumped to Rs 145,37,378 crore, turnover also zoomed to about outlook in the coming quarters. be made effective through an new domestic manufacturing Minister urged the CBI court from Rs 138,54,439 crore on Rs 2.4 lakh crore. FIIs now have a good reason to ordinance. companies incorporated after to allow his lawyer Ashok Thursday. Cash-market equity "The new corporate tax come back to India and this The minister also said com- October 1, can pay income tax Reddy to appear on his behalf turnover on BSE and NSE reforms by the government is progressive step will stimulate panies opting for 22 per cent at a rate of 15 per cent without during the hearings of the nearly tripled to nearly Rs music to the investors' ears and consumption and ignite capex income tax slab would not have any incentives. The dangling portion of the newly constructed road bridge on the Mulavaagu that disproportionate assets (DA) 90,000 crore, while derivatives will help to revive economic cycle. collapsed on Friday case filed against by CBI. During the hearing of the petition, the court asked the counsel for YS Jagan as to ‘FOCUS IS FROM SC notice to Centre on how it could admit the peti- Pink, saffron parties heat tion which was dismissed by it earlier. Responding to the FARM TO FASHION’ plea of mothers of Rohith question raised by the judge, PNS n HYDERABAD the counsel for the AP CM urged the court to admit the Industries Minister K T Rama up ‘coal belt politics' petition and take up its hear- Rao proclaimed in the Vemula, Payal Tadvi ing as there is a complete Assembly on Friday "We are L VENKAT RAM REDDY change in the circumstances going to create more employ- n HYDERABAD MININGVOTES PNS n NEW DELHI now. This prompted the court ment opportunities than to admit the petition for Bangalore" and pointed out The Bharatiya Janata Party, nOct Singareni unions' The Supreme Court on Friday hearing. that since 2014, the Telangana which is determined to come elections precursor to 2023 agreed to hear a plea filed by government had established to power in Telangana in the Assembly polls mothers of Rohith Vemula 59 Industrial Parks. Boeing, 2023 Assembly elections on the and Payal Tadvi, who had Apache, Sahajanand Medical strength of its surprise victo- nKCR draws first blood by allegedly committed suicide Three held in Technologies had started pro- ries in the State in the recent announcing Rs 1 lakh bonus following alleged caste-based duction in Telangana. Lok Sabha polls, has taken up Singareni staffers discrimination, seeking to end A bench of Justices N K T Rama Rao Continued on Page 2 boat mishap the upcoming elections to nTwo Union ministers out to boost nBJP resumes 'Operation Lotus' to such bias in universities and V Ramana and Ajay major unions in Singareni BJP's prospects weaken TRS other higher education insti- case Collieries Company Limited tutions across the country. Rastogi issued notice (SCCL) as a 'do or die' battle. While Vemula, a Ph.D on the plea and KAKINADA: Three persons, DAC is serious over The elections for recognised threat of a split due to differ- scholar at Hyderabad Central including two women, were trade unions in SCCL are due ences among its top leaders, University had committed sui- sought response from arrested in connection with in October. The term of The BJP is trying to fish in troubled cide on January 17, 2016, fol- the Centre in four the case relating to the Telangana Boggu Ghani waters by resuming its lowing alleged caste bias, Tadvi, weeks September 15th tourist boat Revanth's issue: Kodanda Karmika Sangham (TBGKS), 'Operation Lotus' to take into a tribal student at TN Topiwala mishap in Godavari River. a major union affiliated to its fold disgruntled leaders of National Medical College, Those arrested are Kodigudla K VENKATESHWARLU TRS, is coming to an end in the rival union and thereafter committed suicide on May 22 particularly the Right to Venkata Ramana , Yalla n HYDERABAD October. give a tough fight to TRS in the this year due to alleged caste- Equality, Right to Prohibition Prabhavati and Yerramsetti These elections were previ- upcoming polls. As part of this based discrimination by three of Discrimination against caste, Atchutamani of KVR Travels.
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