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Jaitley hints at not raising tax rates, sops for manufacturing

Jaitley hints at not raising tax rates sops for manufacturing Finance Minister Arun Jaitley on Friday hinted at not raising tax rates and providing incentives to manufacturing in the coming Budget while asserting that ” structural changes” will have to be made to get the economy to 8-9% growth.

Hard-selling India to global investors at the World Economic Forum here, he also promised a stable tax regime that will not come up with unreasonable demand and change taxes retrospectively.

“In terms of incentivizing manufacturing, it is very much on our agenda. Even though we had few days, during the last Budget we did give to ministry of micro small and medium enterprises (MSME), national investment and manufacturing zone (NIMZ) and so on because we wanted the sector to pick up and that priority is fairly high on our agenda,” he said speaking at a session on ‘India’s Next Decade’.

– PTI