Domestic Company Current Affairs, GK & News

GoI: Public procurement Norms modified

The Government of India recently modified public procurement norms. Under the new norms maximum preference is to be given to those goods and services that have 50% or more local content. This has been done to promote “Make in India”. Highlights The GoI recently issued the Public Procurement (Preference to Make in India), Order 2017. ..

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Centre cuts Corporate Tax Rate for domestic investors

The Centre government has cut the effective corporate tax rate for existing domestic companies to 25.17% (from 34.94% now) and for new domestic companies, it will be 15% now. For this purpose the government has brought in Taxation Laws (Amendment) Ordinance 2019 to make certain amendments in Income-tax Act 1961 and Finance (No. 2) Act ..

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