New Delhi: The Union Finance Minister once again made several big announcements amid the criticism about the recession in the country. In this sequence, he announced a cut in corporate tax, giving big relief to the corporate world. PM Narendra Modi welcomed his decision and called it historic. The PM said that this would give a big boost to the Government's 'Make in India' initiative. He has said that this will help attract private investment from all over the world.
Prime Minister Modi has said that this will create more jobs. He said that it would prove beneficial for 130 crore Indians in every way. The PM tweeted that every announcement made in the last few weeks clearly shows that the government is making India a better place in terms of business, increasing opportunities for every section of society and making India a $ 5 trillion economy. After the announcement of the Finance Minister, companies will have to pay tax at the rate of 22 per cent. While the new company will have to pay tax at the rate of 15 per cent. Union Commerce Minister Piyush Goyal has also welcomed the announcement of Finance Minister.
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