Government mulls reduction of corporate tax to 25% for all companies. Direct Tax Code (DTC) task force recommends major overhaul to the Income Tax Act. Amazon will reportedly launch a food delivery service in October. From Zomato to Swiggy, food delivery companies face protests from restaurant associations. SBI wants to do away with all debit cards. Visa critical of govt’s move towards zero-fee debit card transactions.
Moving on to the top Business news stories of the day: