SCOPE welcomes fiscal measures by Govt to boost Indian Economy

SCOPE welcomes fiscal measures by Govt to boost Indian Economy

NEW DELHI. SCOPE welcomes the announcement by Finance Minister to boost the Indian economy through various measures including reduction of Corporate tax rate and expanding list of CSR activities. Recent past has seen a series of progressive measures by government to ring positivity in the economy. SCOPE, the apex body of public sector enterprises, believes that the measure announced by the Government in terms of reduction in corporate tax rate is also likely to encourage investments in Make in India particularly in the manufacturing sector. This would lead to increased economic activity thereby creating employment opportunities.
 
Further, SCOPE appreciates the significant move of the Government to expand list of CSR activities to include incubation centres funded by various agencies/ governments including Public Sector Undertaking and also include contributions to public funded educational institutions like IITs, Universities etc.

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