At a time when the US is looking to come up with tougher gun laws, a lawmaker, Republican Representative Greg Steube from Florida, showed off his guns to make his point. The incident happened in the middle of a Thursday hearing for a new gun violence prevention legislation, which has been proposed by congressional Democrats. To protest the proposed changes to gun laws, Steube tuned in remotely from his home office through video and began brandishing his own guns. The Republican argued that these guns would be banned if the new changes to gun laws are made. &nbsp;

Steube displayed a Sig Sauer P365XL Pistol and said he carries it "every single day" to "protect myself, my family, my wife, my home." &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/world/us-man-blames-surgeon-for-back-pain-after-surgery-kills-him-three-others-in-shooting-at-hospital-police-484645">US man blames surgeon for back pain after surgery, kills him, three others</a>

On the display, Democratic Representative of Texas, Sheila Jackson Lee, said, "I hope that gun is not loaded." In reply, Steube said, "I'm at my house, I can do whatever I want with my guns." Then, Steube compared the gun restrictions and homicide rates in several American states and cities. He talked about Washington, Maryland, Illinois and Florida. &nbsp;

Watch:&nbsp;US: Multiple people injured in a shooting at Wisconsin cemetery during funeral

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Repeating five times, committee chairman Representative of New York, Jerry Nadler, said, "Would the gentleman yield for questions?" "No, I'm trying to get my point across in the two minutes that I have left. The murder rate was more — now let me start back over, and I hope you give me my 10 or 15 seconds back that you just took," Steube replied. &nbsp;

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(With inputs from agencies)&nbsp;

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At a time when the US is looking to come up with tougher gun laws, a lawmaker, Republican Representative Greg Steube from Florida, showed off his guns to make his point.

At a time when the US is looking to come up with tougher gun laws, a lawmaker, Republican Representative Greg Steube from Florida, showed off his guns to make his point. The incident happened in the middle of a Thursday hearing for a new gun violence prevention legislation, which has been proposed by congressional Democrats. To protest the proposed changes to gun laws, Steube tuned in remotely from his home office through video and began brandishing his own guns. The Republican argued that these guns would be banned if the new changes to gun laws are made. Steube displayed a Sig Sauer P365XL Pistol and said he carries it "every single day" to "protect myself, my family, my wife, my home." Also Read: US man blames surgeon for back pain after surgery, kills him, three others On the display, Democratic Representative of Texas, Sheila Jackson Lee, said, "I hope that gun is not loaded." In reply, Steube said, "I'm at my house, I can do whatever I want with my guns." Then, Steube compared the gun restrictions and homicide rates in several American states and cities. He talked about Washington, Maryland, Illinois and Florida. Watch: US: Multiple people injured in a shooting at Wisconsin cemetery during funeral Repeating five times, committee chairman Representative of New York, Jerry Nadler, said, "Would the gentleman yield for questions?" "No, I'm trying to get my point across in the two minutes that I have left. The murder rate was more — now let me start back over, and I hope you give me my 10 or 15 seconds back that you just took," Steube replied. WATCH WION LIVE HERE (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. ×

US lawmaker shows off guns at House hearing for new gun violence prevention legislation to make a point

Domestic stock market indices today saw a great trading day with the benchmark BSE Sensex surging 1900 points after the government proposes to <a href="https://www.wionews.com/india-news/we-propose-to-slash-corporate-tax-rates-for-domestic-companies-finance-minister-nirmala-sitharaman-250730">slash Corporate tax</a> for domestic companies and new domestic companies.

At 12:10&nbsp;pm, Sensex was trading at 38,034.09, up by 1,940.62 points or 5.38% while the Nifty was up by 536.55 points&nbsp;at 11,239.80.

Finance Minister Nirmala Sitharaman told a news conference that the effective corporate tax rate will be lowered to 25.75% from 30%, which she said would be at par with Asian peers.

The government also scrapped the minimum alternative tax for domestic companies.

The rupee rose as much as 0.9% to 70.68 against the dollar, its strongest level since Aug 9, while the yield on benchmark 10-year bond rose to 6.71% versus 6.57% in early trading.

Shares of top private-sector lender HDFC Bank Ltd, soared nearly 10% - their most in over six years, sending the Nifty Bank index up 6.7%. 
"The markets have been asking for a big fiscal stimulus and the government has delivered," said Rusmik Oza, head of fundamental research at Kotak Securities in Mumbai.

Corporate earnings may see an almost 12% jump in the next quarter for full tax-paying companies due to the cut, and the markets can go up nearly 10%, Oza said, adding that foreign investors would cheer these measures.

The Nifty Auto index jumped 7.9%, its sharpest intraday climb since July 2011, with Eicher Motors Ltd surging 24%.

&nbsp;(With inputs from agencies)

Domestic stock market indices today saw a great trading day with the benchmark BSE Sensex surging 1900 points after the government proposes to slash Corporate tax for domestic companies and new domestic companies.

Domestic stock market indices today saw a great trading day with the benchmark BSE Sensex surging 1900 points after the government proposes to slash Corporate tax for domestic companies and new domestic companies. At 12:10 pm, Sensex was trading at 38,034.09, up by 1,940.62 points or 5.38% while the Nifty was up by 536.55 points at 11,239.80. Finance Minister Nirmala Sitharaman told a news conference that the effective corporate tax rate will be lowered to 25.75% from 30%, which she said would be at par with Asian peers. The government also scrapped the minimum alternative tax for domestic companies. The rupee rose as much as 0.9% to 70.68 against the dollar, its strongest level since Aug 9, while the yield on benchmark 10-year bond rose to 6.71% versus 6.57% in early trading. Shares of top private-sector lender HDFC Bank Ltd, soared nearly 10% - their most in over six years, sending the Nifty Bank index up 6.7%. "The markets have been asking for a big fiscal stimulus and the government has delivered," said Rusmik Oza, head of fundamental research at Kotak Securities in Mumbai. Corporate earnings may see an almost 12% jump in the next quarter for full tax-paying companies due to the cut, and the markets can go up nearly 10%, Oza said, adding that foreign investors would cheer these measures. The Nifty Auto index jumped 7.9%, its sharpest intraday climb since July 2011, with Eicher Motors Ltd surging 24%. (With inputs from agencies)

Sensex posts biggest one-day gain in 10 years; rises over 1,900 points

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