Finance Minister Nirmala Sitharaman (Photo: IANS/File)

FM announces tax bonanza for corporates, exchequer to take Rs 1.45L cr hit

New Delhi: In a major bonanza for corporates as part of measures to promote growth and investment, Finance Minister Nirmala Sitharaman on Friday announced to slash corporate tax rate to 22 per cent for domestic companies and 15 per cent for new domestic manufacturing companies, besides other fiscal reliefs. The effective tax rate for these companies […]

Finance Minister Nirmala Sitharaman (Photo: IANS)

Govt sets up Rs 10,000 cr fund for housing projects

New Delhi: With a focus on completing construction of unfinished units, the government on Saturday opened a special window of Rs 10,000 crore fund to provide last mile funding for housing projects which are non-NPA and non-NCLT and are net worth positive in affordable and middle income category. The government will also relax the ECB […]