Sitharaman and RBI Governor Das arrive to attend the RBI's central board meeting in New Delhi. File photo/ Reuters
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.
Sitharaman told a news conference that the effective corporate tax rate will be lowered to 25.75% from 30%, which she said would be at par with Asian peers.
The government also scrapped the minimum alternative tax for domestic companies.
India’s current account (CA) balance deficit grew to $68 billion in 2018-19 from $49 billion the previous year, according to the International Monetary Fund (IMF), which said the deficit was justified by development needs.
Bangladesh Prime Minister Sheikh Hasina has arrived in India for a visit during which she is expected to sign agreements on increasing trade and investment and improving regional connectivity.
MUMBAI: India’s cricket selectors on Sunday named Rishabh Pant as their preferred wicketkeeper for all three formats for next month’s tour of West Indies with the future of long-serving glovesman Mahendra Singh Dhoni still shrouded in mystery. Dhoni, 38, has been the subject of intense speculation on his
Russian President meetse Saudi King and Crown Prince as he seeks to cement Moscow's political and energy ties across the Mideast.
British Prime Minister Boris Johnson on Monday set out his government's priorities at a parliamentary ceremony full of pomp and pageantry attended by the Queen, with Brexit top of the agenda.
Children and adults alike can now explore a world of knowledge on the sands of reading — in Khor Fakkan, thanks to the Sharjah Beach Library initiative. Beachgoers can get a load of boat displays loaded with books and decorated with the UAE flag and Sharjah World Book Capital 2019 logo.