The newly elected President of CII, Shobhana Kamineni has demanded that the income tax on the corporates and big business should be reduced to 25% and gradually to 18%. At the same time she wants agricultural produces to be taxed.
Similar views were expressed earlier by NITI Ayog officials, like Bibek Debroy. The intention is to reduce the tax for the corporates and tax the agricultural sector which is in real crisis now.
Corporate agenda is being implemented one after another.