Industry chamber Assocham said with signs of recovery visible after the global meltdown, the government should reduce corporate tax to 25 per cent from 30 per cent to help small scale industries.

"I think corporate tax should be reduced to 25 per cent following the signs of recovery. It would help small scale industries, which were largely affected (by the meltdown)," Assocham President Swati Piramal told reporters here.
She said with a reduction in corporate tax, there could be an acceleration in the country's growth.