Government should withdraw the corporate tax cut - demands Noble Laureate, Abhijit Banerjee.

Abhijit Banerjee, who has been conferred with the Noble Prize for economics, has questioned the recent step taken by the Narendra Modi government, to cut down the corporate tax from 30% to 22% and 15%. He has told that the concession given to the big corporates, through the cut in the corporate tax, is a huge burden on the economy. He has demanded that it should be withdrawn. Abhijit Banerjee has also stated that the amount given as concession to the corporates, should be spent for improving the NREGA and for the kisans.

[Source: The Hindu dated 21.10.2019]