India cuts corporate taxes to counter slowing growth

20 hours ago

NEW DELHI (AP) — The Indian government on Friday announced a slew of concessions aimed at boosting the economy that will reduce most corporate taxes for local companies to about 25% from 30%. Finance Minister Nirmala Sitharaman said the lower tax rates will retroactively apply from April 1, the beginning of India’s fiscal year. Share prices surged, with the Sensex in Mumbai