Tag Archives: budget 2018

Corporate tax reduction in budget will help the machine tool industry: IMTMA

Corporate tax reduction in budget will help the machine tool industry: IMTMA

The Indian Machine Tool Manufacturers’ Association (IMTMA) has said that reduction in corporate tax in budget 2018 for entities with a turnover of up to Rs 2.5 billion to 25% is expected to benefit MSMEs as well as the Indian machine tool industry. The association said that the announcement is expected to help the ease

Infra push in Budget 2018 will help the Indian auto sector: Experts

Though there is no specific mention about the automobile industry in the Indian budget, presented by the Finance Minister Arun Jaitley on February 1, 2018, the sector is poised to benefit from the government’s strong focus on boosting infrastructure and connectivity, experts point out. While high tax (GST) on the Electric Vehicle (EV) components still

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