New Delhi: The government is looking at almost every option to end the ongoing recession in the country. Therefore the government has decided to promote the private sector. NITI Aayog Deputy Chairman Rajiv Kumar spoke about the policy of the government in this regard. The deduction in company tax is the proof of this. Rajiv Kumar expressed confidence that investors would benefit from the measures announced by Finance Minister Nirmala Sitharaman. Kumar said that the Finance Minister has announced that the effective tax rate, including cess and surcharge, is only 17.01 per cent on companies making new investments in the manufacturing sector on or after October 1, 2019. This is a big incentive.
He hoped that investors would take advantage of these measures and the rest would also come forward for investment. He said that I think it is a historic day. This explains the government's commitment to promote the private sector. He is confident that the private sector will take the industry forward which will give a boost to the economy. ' He said, 'The industry believes that an increase in the double digit can not only be achieved but is necessary. So it is easy to achieve 8 percent growth rate. Company tax cuts have been welcomed by many institutions including industry.
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