Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies

Newsroom24x7 Network Panaji (Goa): Government of India has brought in the Taxation Laws (Amendment) Ordinance 2019 to make certain amendments in the Income-tax Act 1961 and the Finance (No. 2) Act 2019. This was announced by the Union Minister for Finance & Corporate Affairs Nirmala Sitharaman during a Press Conference in Goa on Friday 20… Read More Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies

Jet Airways is grounded as consortium of lenders refuse to fund critical services

Newsroom24x7 Network Mumbai: Late night this past Tuesday 16 April 2019, Jet Airways was informed by the State Bank of India (SBI), on behalf of the consortium of Indian Lenders, that they were unable to consider its request for critical interim funding. Since no emergency funding from the lenders or any other source was forthcoming,… Read More Jet Airways is grounded as consortium of lenders refuse to fund critical services