Vijay Mallya, the defaulter owner of Kingfisher Airlines, now blames faulty engines as the reason for the failure of Kingfisher Airlines.
He is wanted by the Indian authorities for default in payment of loans related to Kingfisher Airlines that was grounded in 2012. He is also wanted in other cases.
DGCA REPORT ON PRATT & WHITNEY ENGINES
A group firm of Pratt & Whitney has been sued for supplying defective engines to Kingfisher Airlines, Mallya said amid aviation regulator DGCA ordering detailed inspection of P&W engines powering some Airbus 320 neo planes being operated in India.
Vijya Mallya’s Tweet
“Not surprised at DGCA enquiry into Pratt & Whitney aircraft engines. Kingfisher Airlines sadly collapsed also due to faulty engines,” he said in a tweet.
DGCA has ordered detailed inspection of 21 Airbus 320 neo planes of IndiGo and GoAir that are equipped with P&W engines, which have been frequently facing technical glitches.
Economic Affairs Secretary, Shaktikanta Das said that GST will be effective from 1st of July all the states agreed for this decision. According to Mr. Shaktikanta Das, GST is playing the role of Game changer and it takes place of various consumption taxes. He also added that when GST is applied in India the opportunities for competitiveness, investment and job creation also increased.
WHAT IS GST?
GST implementation would abolish all central, state and interstate taxes; and only “single-taxation” system would be levied.
Finance Minister Arun Jaitley said in the interview with London news agency PTI, all the processes regarding the GST implementation will be completed till 15 September. He also added that after Independence this is the first Tax reform in India. The draft for this is already prepared and would be presented in the parliament which is started from 9th of March.
Proposal for 4 tax rates
– 4 proposed levels for Goods and Services tax rates will be categorized in 5, 12, 18 and 28%.
– After the GST bill is passed in the parliament it must be forwarded to all state assemblies for approval.