Tuesday September 24, 2019

Nawazuddin to play Pakistani journalist in ‘Bajrangi Bhaijaan’

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-Mumbai

Actor Nawazuddin Siddiqui essays a Pakistani journalist in forthcoming Salman Khan starrer “Bajrangi Bhaijaan”, which is scheduled to release on July 17.

“Nawazuddin plays an important role of a Pakistani journalist in the film,” confirmed  a spokesperson of the film.

Nawazuddin and Salman will be coming together for the second time after “Kick”.

“The makers are very excited about their coming together again and the duo share a very special relationship in the film,” the source added.

The film’s story revolves around a little girl from Pakistan lost in India and how she is reunited with her country and family with the help of a man named Bajrangi Bhaijaan.

Meanwhile, Nawazuddin, also known for his role in “Gangs of Wasseypur”, is currently filming for “Raees” which also features Shah Rukh Khan.

-IANS

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Automotive Industry To Benefit From Corporate Tax Cut, Says ICRA

India's automotive industry is likely to be one of the key beneficiaries of the recent corporate tax cut, credit ratings agency ICRA said on Monday

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India, Tax cut, Automotive Industry
India's automotive industry is likely to be one of the key beneficiaries of the recent corporate tax cut. Wikimedia Commons

India’s automotive industry is likely to be one of the key beneficiaries of the recent corporate tax cut, credit ratings agency ICRA said on Monday.

“Under the current weak demand conditions, OEMs (original equipment manufacturers) are expected to pass on some of the benefits of tax revision to the end consumers,” ICRA Vice President and Sector Head Pavethra Ponniah was quoted in a statement.

“This implies that the price correction in coming months will to an extent address the demand side issues. Moreover, clarity from the government, that there is no further GST or cess revision, will help consumers who were waiting for improved clarity prior to their car purchase decision,” she added.

According to ICRA, the current reduction of corporate tax rates in India to globally competitive levels will incentivise OEMs and their vendors to increase localisation, which augurs well for the industry.

In 2019-2020, India has imported auto components worth $17.6 billion.

India, Tax cut, Automotive Industry
the current reduction of corporate tax rates in India to globally competitive levels will incentivise OEMs and their vendors to increase localisation. Pixabay

ICRA also said that given the increasing US-China trade tensions, revision in corporate tax will attract FDI in Indian manufacturing sector, as the revised tax structure is now in line with other emerging markets.

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“In the current fiscal, the Indian automotive industry, especially the passenger vehicle segment, has witnessed one of the worst slides since the last two decades because of multiple factors,” the ratings agency said in a statement.

“Tighter financing environment for consumers and the liquidity crunch faced by dealerships coupled with weak farm income and overall slowdown in economic activity has impacted consumer sentiments and purchasing behaviour,” the statement added. (IANS)