PM Narendra Modi hails corporation tax rate cut as historic move for economic boost

New Delhi: Praising Finance Minister Nirmala Sitharaman’s announcement of rationalization of corporate tax for domestic companies, Prime Minister Narendra Modi said on Friday that the step would help attract private investments from across the globe besides creating jobs.

Describing the decision as ‘historic’, Prime Minister Narendra Modi tweeted: “The step to cut corporate tax is historic. It will give a great stimulus to #MakeInIndia, attract private investment from across the globe, improve the competitiveness of our private sector, create more jobs and result in a win-win for 130 crore Indians.”

In another tweet, Modi said that the recent announcements show the government’s efforts to ease the business environment in India.

“The announcements in the last few weeks clearly demonstrate that our government is leaving no stone unturned to make India a better place to do business, improve opportunities for all sections of society and increase prosperity to make India a $5 trillion economy,” he said. (IANS)

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