With the move of revitalizing the path of economy towards development track, Indian Finance minister had curtailed the corporate taxes which had knocked the grounds of corporate companies with surprise that had aimed with renovating the broken private investments which were recorded with six year low that had jolted the corridors of employment opportunities where many Indians had lost their jobs in this period of uncertainty.

Addressing the conference in Goa's capital city of Panaji, Union Finance minister Nirmala Sitharaman was seen packed with reviving plans towards the state of the economy, where she told the reporters that the corporate tax rate will be lowered to 25% from the current slab of 30% and further given special provisions for the domestic companies which doesn't seek any tax exemptions and incentives that these companies will be given with the option to pay income tax at the rate of 22% that had come to effect immediately.

She indicated that the corporate companies will be levied be around 25% as corporate tax rate that would be inclusive of all surcharges and cited that the overseas companies which have direct and venture partnership with Indian companies will also brought under the slab of 25% corporate tax.

The sources had revealed that by lowering the corporate tax rates, the Indian government will be ought to sacrifice nearly 1.45 trillion rupees which might have feared with the possibilities to raise the fiscal deficits but the expects had furnished that by repairing the drowning economy, Indian government will get prospects to regain the loss.

Most of the business and economic experts had sounded positively that these announcements would certainly renovate the dislocated state of economy while the Governor of Reserve Bank of India Shaktikanta Das had claimed the move as extremely well and cited that these are very bold and welcome measures where the fund manager at Helios Capital Samir Arora had said that this is the bigger news than last twenty budgets.

Through tweeting his welcoming stance, the Chief of Kotak Mahindra Bank Uday Kotak had termed it as a big bang reform that had signaled the government which is committed to economic growth.

After the announcements had made that were hope to fix and revive the economy, the Indian share market had increased more than 5% which had sensed that the markets will close in best figures in a decade in what it can be seen as the move to remedy and to rescue the aberrant state of economy that had resulted the key automobiles and construction industries to halt the investments after sluggish demand in the market that had eventually driven to record 25 quarter low that stood at 5% in April- June period.