Bengaluru, Sep 20 (IANS) Biocon chairperson Kiran Mazumdar-Shaw on Friday complimented Finance Minister Nirmala Sitharaman for the corporate tax rate cut, a day after a Twitter spat with her over the ban on e-cigarettes.
"Corporate Tax rate cut from 30 per cent to 25.2 per cent to spur growth. This is a great move which will firmly revive growth n investment. My hats off to FM @nsitharaman for this bold but most needed move," tweeted Mazumdar-Shaw.
By design or coincidence, Sitharaman announced a slew of tax reliefs and incentives after Mazumdar-Shaw tweeted on Thursday "How about MoF (Ministry of Finance) announcing some fiscal measures to revive economy."
Sitharaman announced the ban on e-cigarettes as chairperson of a group of ministers (GoM) which recommended it.
Manipal Global Education Chairman and former Infosys Director T.V. Mohandas Pai also termed the corporate tax cut historic.
"Truly historic, congrats. The corporate tax cut will give great stimulus to 'Make in India'," tweeted city-based Pai.
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz