Bold move, need a bolder move for R&D

The unexpected cut today in corporate tax to 22% excluding surcharge by the Finance Minister on 20th Sep. applicable for FY 2019-20 is a bold move to simulate investments especially for new manufacturing companies which has been bought down to 15% excluding surcharge.
The FM and PM mentioned that it would lead to a stimulus to Make in India but we also need increased incentives for R&D for which the weighed tax deduction should be increased and the scheme made permanent so that there can be increased investment in Design & Development in India.

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