Going for Growth: Government's decision on corporate tax cut is remarkable, says CII's Chandrajit Banerjee

CNBC-TV18
CNBC-TV18
  • 5 years ago
Finance minister Niramala Sitharaman unveiled an Rs 1.45 lakh crore fiscal stimulus package to pump prime the economy. She cut the effective corporate tax rate to 25 percent for companies which don't want exemptions and incentives. These companies will also be exempt from minimum alternate tax. CNBC-T18 spoke to Rajiv Kumar Vice Chairman of NITI Aayog, Sunil Munjal Chairman of Hero Enterprises, Former President of CII and Chandrajit Banerjee Director General of CII to decode the measures announced by Nirmala Sitharaman.

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