Cut in corporate tax rate important for investments: CEA
Friday, November 29, 2019, 10:52 AM
Chief Economic Adviser Krishnamurthy Subramanian on Friday said that the government recognized the need to cut the corporate tax to boost investments. For the last few quarters the cycle of growth has not been as it was earlier, he said at an event and added that "corporate tax rate is important for investments".
Investment Key For 8% Growth, $5 Trillion Economy: CEA
Friday, July 5, 2019, 8:28 AM
The Economic Survey projects India to clock a growth rate of 7 per cent in financial year 2019-20. The government's Chief Economic Adviser Krishnamurthy Subramanian the main author of the annual report mentions a departure from "traditional thinking by viewing the economy as being either in a virtuous or a vicious cycle" and therefore, "never in equilibrium".