The government’s decision to slash corporate tax rates in late 2019 was a well-considered move to attract investments that has made a lot of difference, and a major transition is under way in the industry-labour relationship, Union Finance and Corporate Affairs Minister Nirmala Sitharaman said on Friday.
She was replying to a query on the efficacy of corporate tax cuts and the production-linked incentive schemes, some of which may be fuelling capital-intensive investments that create fewer jobs, during an interaction with students after delivering the Pandit Hriday Nath Kunzru Memorial Lecture 2024 at her alma mater, the Jawaharlal Nehru University (JNU).
Also read: The Hindu Explains | What corporate tax cut means for the Indian economy
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