India's new govt promises low and stable tax regime for economic revival

India's new government pledged on Friday to pursue a low, stable and simple tax regime as it looks to win back investor confidence and spur economic activity, both of which have nosedived due to mounting tax disputes. Although the drive produced only insignificant increases in tax receipts, it swelled the total amount of taxes tied up in disputes and litigation to 4 trillion rupees ($66.6 ...

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