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India cuts corporate tax rate to 25% in bid to revive growth

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PANAJI, India India's government on Friday slashed corporate taxes in a surprise $20.5 billion break aimed at reviving private investment, seeking to lift growth from a six-year low that has sapped jobs and fuelled discontent in the countryside.

Expert Views: India cuts effective corporate tax rate to revive investment

Indian Finance Minister Nirmala Sitharaman announced a slew of measures on Friday to revive sagging investment in Asia's third-largest economy, including a cut in corporate taxes.

Top News, Economy 12:04pm IST

GST panel likely to recommend tax cuts on 20-25 products: sources

PANAJI, India India's goods and services tax panel is likely to recommend tax cuts on 20-25 products on Friday but will avoid lowering rates for items that will significantly dent revenue collections, two government sources said.

Economy, Top News 9:53am IST

India likely to unveil measures to boost growth - sources

PANAJI/NEW DELHI, India Finance Minister Nirmala Sitharaman is likely to unveil measures to boost economic growth, which slipped to a six-year low of 5% in the April-June quarter, two government sources said on Thursday.

Top News, 8:39am IST

One dead, five hurt in Washington, D.C. shooting: police

One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.

World, Top News 9:58am IST

Drowning of U.S.-bound Honduran mother and son underscores plight of migrants

TEGUCIGALPA, Honduras/MATAMOROS, Mexico When Delia Hernandez, 44, bade farewell on Aug. 1 to Idalia Herrera, 27, and nearly two-year-old Iker Cordova, she dreamed her daughter and grandson were fleeing the arid fields of southern Honduras for a bright new life in the United States, she said.

Top News, World 9:35am IST

Explainer: Abe, Trump head for trade deal; auto tariffs a sticking point

TOKYO U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe are expected to clinch a deal on farm tariffs and digital trade when they meet in New York next week.

Top News, Economy, Japan 11:43am IST

With Trump by his side, PM Modi set to fire up Houston rally

NEW DELHI/MUMBAI With U.S. President Donald Trump by his side, Indian Prime Minister Narendra Modi will seek to fire up thousands of Indian-American supporters at a rally in Texas on Sunday, shrugging off international criticism over a crackdown in disputed Kashmir.

World, Top News 19 Sep 2019

Exxon Mobil, Shell among groups to build five Pakistan LNG terminals

ISLAMABAD Pakistan has approved the construction of five liquefied natural gas (LNG) terminals by groups that include Exxon Mobil Corp and Royal Dutch Shell, aiming to triple imports and ease the country's chronic gas shortage.

Top News 11:13am IST

Taiwan cuts ties with Kiribati amid China tension

TAIPEI Taiwan said on Friday it has cut official ties with the Pacific island nation of Kiribati, losing another ally amid Chinese pressure on nations with diplomatic relations with the self-ruled island.

World, Top News 11:40am IST
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