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...Towards this, key business initiatives undertaken include Make in India, digitization of economy, ease of doing business, curbing black money and reducing tax litigation. The NDA government had committed itself to lower the corporate tax rates in a phase-wise manner but do away with multiple tax incentives. The government also announced various schemes to declare black money and reduce tax litigation. To encourage Make in India and digitization, lower corporate tax rates have been made available to new manufacturing units and new start-ups. A patent box regime has been introduced to boost local research and development. Tax incentives have been provided for employment generation. ...Live Mint on Jan. 30, 2017, 3:36 a.m.