A file photo of finance minister Arun Jaitley. Photo: MintNew Delhi: Finance minister Arun Jaitley on Saturday said that the economy is witnessing a phase of consolidation after a series of structural reforms over the last two years. The first reading of CriSidEx stood at 107, indicating mildly positive sentiment during October-December during which the survey was conducted. MSMEs secretary Arun Kumar Panda, Rajiv Kumar, secretary in the department of financial services and Subhash Chandra Garg, secretary, department of economic affairs were also present at the event. Finance minister Arun Jaitley proposed to cut the corporate tax rate to 25% for companies with annual revenue of up to Rs250 crore.

Source: Mint February 03, 2018 08:48 UTC