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India manufacturing: A second look: Modi's beyond-the-Budget booster shot for Indian manufacturing

Finance Minister Nirmala Sitharaman announced a corporate tax rate cut in September 2019. The tax cut aimed to make Indian corporate tax rates competitive and attract investment in manufacturing. The move was well received by the stock market, with Sensex surging on the day of the announcement. Analysts believe that the tax cut has helped boost the appeal of the Indian economy, especially in manufacturing. Other measures taken to enhance manufacturing include liberalizing FDI norms and introducing the PLI scheme. ....

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Tax reduction to discourage cash transactions

The 2.5 percentage points corporate tax rate cut will encourage firms in Bangladesh to move away from cash transactions, said Naser Ezaz Bijoy, president of the Foreign Investors' Chamber of Commerce & Industry (FICCI). ....

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Corporate income tax rate cuts could serve as logjam for state budget debate

With the revamping of House Bill 334 last week, GOP senators, led by Sen. Paul Newton of Cabarrus County, want to eliminate the corporate tax by 2028. ....

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