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China announces tax cuts in move to support economy

The State Council says the announced tax cuts would reduce firms' costs by more than 45 billion this year

1 min read30 Aug 2018

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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