TIL Desk/Business/New Delhi/ Biocon chairperson Kiran Mazumdar-Shaw has 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.”
