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  • Dec 03, 2019
  • FM Nirmala Sitharaman to review personal income tax rates, says open to further reforms

    Green shoots are already visible Finance Minister Nirmala Sitharaman said on December 2, asserting that the corporate tax cut would bring in fresh investments and generate jobs. When asked about reducing personal income tax to boost demand, Sitharaman said the government will "take action at an appropriate time" and added that tax benefits to individuals are reviewed periodically. "People are approaching the government for fresh investment which will help to generate more jobs as well as make India a manufacturing hub in the future," she said on the corporate tax reduction. On December 3, the finance minister said the government is open to further reforms for making India a more attractive investment destination.