On 23 Sep, the Finance Minister Nirmala Sitharaman announced a big breather to the corporate sector slashing basic corporate rate tax to 22% from 30% for domestic companies that don't avail any exemption/incentive, while also giving a Rs. 1.45 lakh crore stimulus to revive private investment.
Lenders have given Essel Group chairman Subhash Chandra six more months to repay its debt. They considered Essel’s inability to pay back more than half of its dues by 30 September as agreed earlier. As per media sources, a standstill agreement with mutual funds and non-bank lenders that was inked in February has now been extended to 31 March.
On 19 Sep, the International Cricket Council (ICC) released a request for proposals from entities interested in providing media conference broadcast production services for the ICC Men’s T20 World Cup Qualifier 2019, the ICC Women’s T20 World Cup 2020 and the ICC Men’s T20 World Cup 2020.
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