Tax reforms to accelerate growth

Of late, the markets have been in turmoil, buoyed by several factors, such as the surcharge introduced by the government in the budget, which has spooked foreign investors, compelling them to sell in massive numbers. Adding to the woe is subdued GDP growth, falling to as low as five per cent, as well as a sudden increase in the price of Brent Crude following the attack on Saudi Aramco's oil plants. During the press conference held today by Finance Minister Nirmala Sitharaman, the corporate tax rate, amongst other things, has seen a major