Why in news The Parliamentary Standing Committee on Finance questioned the government about the impact of corporate tax cuts introduced ...
Why in news
The Parliamentary Standing Committee on Finance questioned the government about the impact of corporate tax cuts introduced in 2019
Opposition members raised concerns about whether the tax cuts increased private investment, especially after the government forgave ₹1.84 lakh crore in revenue.
There were also questions regarding the shortfall from the income tax rebate announced in the recent Union Budget and how it would be addressed given the country's debt-to-GDP ratio.
BJP MPs highlighted issues with the GST regime, such as complicated slabs and arbitrary arrest powers, and called for a review of the Prevention of Money Laundering Act.
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