After the Union Finance Minister Nirmala Sitharaman announced slash in corporate tax rate, Prime Minister Narendra Modi applauded the Finance Minister’s move and helmed it as a historic ‘win-win for 130 crore Indians” in his tweet on Friday.
PM Modi tweeted, “The step to cut corporate tax is historic. It will give a great stimulus to Make in India, attract private investment from across the globe, improve competitiveness of our private sector, create more jobs and result in a win-win for 130 crore Indians.”
The Indian PM further added, “The announcements in the last few weeks clearly demonstrate that our government is leaving no stone unturned to make India a better place to do business, improve opportunities for all sections of society and increase prosperity to make India a $5 Trillion economy.”
Later in the day, the Sensex (Sensitive Index) has also soared up and has garnered its single-day jump in a decade after the Union Finance Minister’s corporate tax cut announcement.