SME Times is powered by   
Search News
Just in:   • Tourism growth and its inter-linkages  • Rate cut positive step, H2 growth likely to be better: Rajiv Kumar  • Exports decline in September  • Start-ups soon be able to sell products on GeM portal   • Conventional markets hit by e-commerce companies 
Last updated: 21 Sep, 2019  

Sitharaman.9.Thmb.jpg Hats off to Sitharaman for tax cut: Mazumdar-Shaw

   Top Stories
» Start-ups soon be able to sell products on GeM portal
» US India strategic forum calls on PM Modi
» Govt committed to bolstering border infrastructure: Rajnath
» Indo-US trade negotiations on right track: Goyal
» Trade wars, protectionism impacting global trade, investment: FM
SME Times News Bureau | 21 Sep, 2019
Biocon chairperson Kiran Mazumdar-Shaw on Friday complimented Finance Minister Nirmala Sitharaman for the corporate tax rate cut, a day after a Twitter spat with her over the ban on e-cigarettes.

"Corporate Tax rate cut from 30 per cent to 25.2 per cent to spur growth. This is a great move which will firmly revive growth n investment. My hats off to FM @nsitharaman for this bold but most needed move," tweeted Mazumdar-Shaw.

By design or coincidence, Sitharaman announced a slew of tax reliefs and incentives after Mazumdar-Shaw tweeted on Thursday "How about MoF (Ministry of Finance) announcing some fiscal measures to revive economy."

Sitharaman announced the ban on e-cigarettes as chairperson of a group of ministers (GoM) which recommended it.

Manipal Global Education Chairman and former Infosys Director T.V. Mohandas Pai also termed the corporate tax cut historic.

"Truly historic, congrats. The corporate tax cut will give great stimulus to 'Make in India'," tweeted city-based Pai.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 22 Oct, 2019
  Daily Poll
Is the Union Budget 2019 MSME-friendly?
 Can't say
  Commented Stories
» TradeIndia partners with Google to promote SMEs(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter