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Raising taxes won’t solve India’s economic problems: Adi Godrej

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Chairman of Godrej Group, Adi Godrej, on August 09 said that the problems of country cannot be solved by simply raising the tax rate, and urged Union Finance Minister Nirmala Sitharaman, whom several industry representatives along with Godrej met, to reduce the GST on automobile. Godrej added that former union finance minister Arun Jaitley had announced to reduce corporate, but only small companies have been taken into the ambit of low corporate tax bracket.

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