'Corporate tax cuts will affect tax collection'



‘The corporate tax cuts will obviously result in lower tax payments by companies,’ says Central Board of Direct Taxes member Akhilesh Ranjan who retires after 37 years in government service.



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Huge relief for cardio-diabetic patients



The good news is that more diabetes drugs are set to go off patent in the next two to four years, bringing relief to India’s 73-million diabetics.



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GST rates may go up for various items



Rates may be raised from 5 per cent to 8 per cent and 12 per cent to 15 per cent. The Council can explore possibility of merger of slabs to bring down the number of slabs to three. The Central GST collection fell short of the Budget Estimate by nearly 40 per cent during the April-November period of 2019-20



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ITC bets big on frozen food segment



The company, which has recently made a foray into the frozen food segment under ITC Master Chef brand targeting both retail and food services players, is also planning to expand its reach to over 30 cities in the retail segment and 100 cities in food services segment during the period. ITC will be the third major organised player in the frozen food segment after McCain, which is mainly in the vegetarian segment and Venky’s, which is in non-vegetarian.



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Do we know where 150 million Indians spend?



‘Being one of the 150 million upper middle class consumers, I can vouch that the average expenses on white goods or clothing are minimal. Indians are not consumerist by nature,’ says Colonel Anil A Athale (retd).



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Rahul Bajaj and his phantoms of fear



‘I suggest Rahul Bajaj come out in the open and give us his own white paper on the perceived sense of fear that he thinks haunts corporate India,’ says Dr Sudhir Bisht.



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