Corporate tax rate cut a bold, positive step: RBI Guv

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'Corporate tax rate cut a bold measure; India's corporate tax has become very competitive as compared to other EMs; India will be able to attract higher FDI going forward', says RBI Governor Shaktikanta Das.

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    'Corporate tax rate cut a bold measure; India's corporate tax has become very competitive as compared to other EMs; India will be able to attract higher FDI going forward', says RBI Governor Shaktikanta Das.

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    New Delhi: While speaking to mediapersons, Reserve Bank of India (RBI) Governor, Shaktikanta Das on Corporate tax cut said, “It's a positive step. India's corporate tax now becomes very competitive compared to other emerging market economies in ASEAN and other parts of Asia. So far as international investors are concerned, so far as FDI is concerned, I think, India stands definitely in a very competitive position, and should be able to attract higher investments.”
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