The announcement by honourable Finance Minister, Nirmala Sitharaman proposing to slash corporate tax for domestic companies from 30% to 22% comes at an opportune time when the economy needs a boost in investments. To give strength to India’s ambitious ‘Make in India’ initiative, the government has proposed a tax rate of 15% for new domestic
Superb move by the Government to stimulate corporate savings which will get channelised into investments, better pay, promotions ..which will directly stimulate demand. Corporate taxes have been on a high side for some time now, and this move is the right one. Hope this decision is not just for 1 year but continues forever. I
The tax announcements made by FM minister is indeed a welcome measure and will definitely boost the Government’s ambitious Make in India program. Once the corporate tax rate of 22% for local companies and the new tax rate of 15 % on companies formed after October 2019 comes into effect, investments are likely to surge
In another positive and a bold step to help revive the economy from its slumber, the FM has slashed the corporate tax rates to 25.75% from earlier 30%. This big-bang move will have a rippling impact on all sectors including real estate as it will encourage foreign institutional investors to invest in the country. In
The Government 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 Smt Nirmala Sitharaman during a Press Conference in Goa today. The salient features of these amendments
We are delighted with the Honourable Finance Minister’s announcement this morning on restructuring the corporate tax regime. It is a milestone effort towards kick-starting the Indian economy and boost production. This substantial direct tax reduction will allow more liquidity for the corporates that are currently assuming drastic measures to protect their profitability. This reduction in
The skill gap is a given; how critical is this gap and what can the industry do to bridge it is what subject matter experts explained in this eye-opening session Furniture & Fittings Skill Council CEO Gurpal Singh shared the council’s blueprint for the next five years. FFSC aims to establish an eco-system that will
Bantwal Ramesh Baliga is inspired by the leadership traits of the likes of Rajesh Mehra of Jaquar Group; R K Somany of HSIL; Narayan Murthy, Nandan Nilekani and Krish Gopalaswai of Infosys; and Narendra Modi, the Prime Minister of India.
Hersh Pitroda (hershpitroda@gmail.com), the founder of Mumbai-based modern furniture making company Burosys, is convinced that better ergonomics in the office helps in achieving better productivity. In an exclusive interaction with Sourcing Hardware, Pitroda shares his thoughts on trends in furniture and workspace design. By Gyanendra Kumar Kashyap How has the concept of workspaces changed over
Bantwal Ramesh Baliga, CEO-Watertec India, lists out the innovative products launched by the company as it moves towards being a total plumbing solution provider.
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