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Modi’s big tax cut unlikely to spur job bonanza in India

MUMBAI/NEW DELHI: With one eye on flagging demand, businesses in India are likely to bank the government’s $20.4 billion corporate tax windfall rather than unleash the investments that Prime Minister┬áNarendra Modi┬áhopes will create millions of jobs and revive the economy. The tax cuts, which Modi vowed would woo global private investment and improve India’s competitiveness, came as a surprise to ... Read More »