Finance Minister to hold meeting with industry chiefs on Friday

Updated - January 12, 2018 at 09:34 PM.

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Finance Minister Arun Jaitley will meet captains of industry on Friday as part of the customary post-Budget meeting.

The meeting will see Jaitley and senior Finance Ministry officials interacting with representatives of Confederation of Indian Industry, Federation of Indian Chambers of Commerce & Industry and Assocham, official sources said.

The meeting comes two days after Jaitley presented his fourth Budget.

Although the Budget pushed the right reform buttons, it is being seen as restrained both in tone and substance, especially given the imperative to deal with the effects of demonetisation.

For industry, especially small and medium-sized businesses, there was some tax relief. The corporate tax rate for companies with annual turnover of less than ₹50 crore was lowered to 25 per cent.

Srivats.kr@thehindu.co.in

Published on February 2, 2017 05:55