Daily Archives: July 1, 2010

Sanjay Aggarwal quits as CEO of SpiceJet

India has lost a dynamic and professional CEO in the airline industry. Sanjay Aggarwal has quit SpiceJet. Sanjay Aggarwal tendered his resignation after a board meeting on June 30, as per The Mint newspaper. Kishore Gupta, a representative of the Kansagara family on the airline board is likely to be the acting CEO till a permanent replacement is named. This …

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India imposes service tax on all classes of air travel from today

The Government of India has imposed a service tax of 10.3 per cent on the gross value of tickets for all classes on domestic flights and economy class on international flights will be levied on tickets sold, issued or re-issued, from today. Service tax will be calculated on the gross value of the ticket for the calculation of the service …

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