FM said she stands by her comment that Rahul Bajaj should have sought answers from govt
According to the minister, industry leaders do approach her and she also goes around the country speaking to them.
The finance minister said "people are approaching" the government for fresh investment which will help in generating more jobs as well as make India a manufacturing hub in the future
Replying to a debate on Taxation Law Amendment Bill, 2019 in the Lok Sabha, the minister categorically said there is no decrease in direct tax collection.
Sitharaman said many countries in South East Asia had reduced their corporate tax to attract investment and cited examples of Thailand, Vietnam and Singapore.
The Bill seeks to replace the Ordinance which was promulgated by the President in September
The Finance Minister said that in case of medical emergencies, marriages and other crisis situations, a depositor of the PMC Bank can withdraw up to Rs 100,000
Kiran Mazumdar- Shaw says India Inc is treated as pariahs
Shaw's remarks came a day after veteran industrialist Rahul Bajaj said the people were afraid to criticise the government.
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Finance Minister Nirmala Sitharaman also joined in and defended the Centre's economic record in the last six months
In a biggest reduction in 28 years, the government in September reduced corporate tax rate by almost 10 percentage points in a bid to give a boost to sagging economy
Sinha said that even now, the government is largely in denial
The upcoming data will likely show the economy had its weakest performance last quarter in more than six years, with the growth rate dropping below the symbolically important 5% mark
Finance Minister Nirmala Sitharaman said this week she's not closing the door on additional steps to support the economy.
What happens when, with government expenditure unchanged at Rs 65 trillion, the FM decides to reduce the tax rate, mobilise less revenue and let the deficit widen by Rs 1 trillion?
A comprehensive review is needed
Corporations across sectors are facing the heat due to low demand from consumers
This includes over Rs 8,820 crore for the newly formed union territories of Jammu and Kashmir and Ladakh
The finance minister touched upon the difficulties in meeting the fiscal deficit, and indirectly signalled a fiscal slippage for the year