PM Narendra Modi has taken various measures since 2014 to boost economic growth, including cutting the corporate tax.
India's economy grew at 5 per cent in the first quarter of 2019-20 -- the slowest pace in over six years.
The section does not provide any timeline for companies to opt for the new regime of lower tax rate.
The main agenda of this meeting is to discuss measures to revive the economy and push up investments.
Our tax rates have become very competitive with government's move to lower corporate tax rates, said banker Deepak Parekh.
There has been a clamour for raising income tax exemption limit to push demand and consumption to boost economy.
By reduction corporate tax govt creates a golden opportunity & promised more measures to improve business climate.
India’s unemployment rate reached 8.19 pc in Aug, up from 6.27 pc in the same month last year.
The new borrowing schedule will be announced on September 30: Officials.
Base corporate tax for existing companies has been reduced to 22 per cent from the current 30 per cent.