New corporate tax likely to have positive effect on steel sector: SAIL chief

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Anil Kumar Chaudhary, Chairman, SAIL
Anil Kumar Chaudhary, Chairman, SAIL

Anil Kumar Chaudhary, Chairman, SAIL, has applauded the government’s decision to reduce corporate tax. “The decision of the government to reduce corporate tax rates and a slew of other measures will boost economic activity in the country. It is a welcome move which will bring investments into new projects from freed up cash, leading to employment opportunities, manufacturing growth and a stimulus towards consumption. This move is surely expected to have a positive effect on the steel industry which has strong forward and backward linkages,” he said.