Typing Master


The Finance Minister realises that at this juncture India is serendipitously at a 'sweet spot' due to a number of domestic and international factors and thus how crucial it is to improve the ease of doing business in India in order to take advantage of the situation. To this end, a number of steps have been taken. He has committed to bring down basic corporate tax rate from 30% to 25% over the next 4 years. Although he has not clarified the year-wise rates, this in itself augurs well for India to compete with other emerging economies where the corporate tax is low.