


| India Surprises With $20 Billion Tax Cut Stimulus; Stocks Soar |
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(Bloomberg) -- India’s government escalated efforts to repair economic growth with a surprise $20 billion tax cut, taking the rate for companies to one of the lowest in Asia. Domestic companies will pay 22% tax on their income from April 1, 2019, versus 30% previously, Finance Minister Nirmala Sitharaman said Friday.
Posted: 2019-09-20 14:31:00
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