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Speaking at FICCI NECM, Economist and author Dr Surjit Bhalla said that the agenda for the new government should include elimination of government intervention in agriculture sector, reforming labour laws and lowering the cost of capital through reduction in interest rate and corporate tax.
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Panaji (Goa): While addressing a press conference Union Finance Minister Nirmala Sitharaman proposed to slash the corporate tax rate for domestic companies. “To promote growth, a new provision has been inserted in the income tax act with effect from fiscal year 2019-20, which allows any domestic company to pay income tax at the rate of 22% subject to condition they will not avail any incentive or exemptions.
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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: Chief Economic Advisor KV Subramanian including top economists attended ‘India Economic Forum’ at Constitution Club of India in Delhi on Nov 29. While addressing the event Chief Economic Advisor to Government of India, KV Subramanian said that cut in corporate tax rate is important for investments.
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