FM Nirmala Sitharaman proposes series of measures for corporate sector to boost economy

Last Updated: Thursday, September 19, 2019, 23:52
FM Nirmala Sitharaman proposes series of measures for corporate sector to boost economy
Finance Minister Nirmala Sitharaman has proposed a series of measures for the corporate sector to boost economy. She has announced reduction in corporate tax for domestic companies and domestic new manufacturing companies.

A fresh ordinance is also proposed to inculcate the above measures. She said that to provide relief to companies which continue to avail incentive or exemptions, even for them a Minimum Alternate Tax(MAT) relief is being given, for which rate has been reduced to 15% from the existing 18.5%.
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