Lower the Corporate Tax Rate

MCC Goes Online to Net Tax Defaulters www.ambitionias.com
  • Director General, Confederation of Indian Industry, says, India’s growth pace is among the highest in the world yet there are many challenges confronting the economy.
  • Faster growth and stability rests on the three pillars of boosting government expenditure, reviving private sector investments and raising consumer spending. He recommends lowering corporate tax rate as announced in the previous budget.
  • He added that the budget would also need to look at reviving consumer spending through tax measures such as enhancement of investment limits.