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‘Reduce corporate tax rate to 20%, remove exemptions’

DNMUM437567 | 6/12/2019 | Author : Swati Khandelwal | WC :532

India Inc Speaks
Zee Media Newsroom

The government should reduce the taxes on equities in order to spur private investment, says Vikram Kirloskar, president, Confederation of Indian Industry and vice chairman, Toyota Kirloskar Motor. In an interview with Swati Khandelwal, Kirloskar said the end of trust deficit is needed to boost gross domestic product (GDP) growth.

Tell us about the auto sector’s expectation from the Budget?
Investing in equities is getting more expensive. I would request the government that it should reduce or remove three-four taxes that are levied on equities as it will give a boost to private investment and bring aggression among people for investment. The second thing is consumption, a segment that is facing issue
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