Bold tax cut hands stimulus charge to India Inc
FILE PHOTO: India's Finance Minister Nirmala Sitharaman and the Reserve Bank of India (RBI) Governor Shaktikanta Das arrive to attend the RBI's central board meeting in New Delhi, India July 8, 2019.
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New Delhi is making the most of a sharp slowdown, cutting corporate taxes from 30% to 22%. Companies can use savings to repay debt, invest, cut prices or pay bonuses. The faster benefits are shared with consumers, the sooner they will spread badly-needed economic cheer.
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