India, Dec. 3 -- Finance Minister Nirmala Sitharaman has highlighted that corporate tax reduction is aimed at attracting fresh investment and generating jobs, and said that 'green shoots' are already visible with several foreign as well as domestic firms showing interest to invest. Amid concerns over slowing growth, she assured that the government was 'pro-active' in addressing the challenges faced by the economy and also made it clear that tax rate cut was not aimed to benefit certain companies but the entire industry.

Allaying fears of corporate tax reduction impacting revenue collection, she said gross direct tax collection increased by 5% till November this fiscal. She added that the decision to reduce corporate tax will have an impact...