Category: World

Which is the world’s hardest-working city?

Meanwhile, an annual report by the Swiss bank UBS looking at the number of hours worked in different cities found Mumbai, India’s largest city, to be the world’s hardest-working city, clocking up the longest average working hours of 3,315 per year per worker.

India slashes business taxes in a bid to boost growth

Profits made by Indian companies will now be taxed at a rate of 22%, down from 30%, as long as they don’t apply for other incentives or exemptions, Finance Minister Nirmala Sitharaman announced on Friday. New manufacturing firms incorporated after October this year will be taxed at 15% instead of 25%, as long as they start production before March 2023, she added.

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