The Goods and Services Tax (GST) Council on Saturday decided to form a seven-member Group of Ministers (GoM) to study anomalies in tax collection in some of the states which showed wide deviation from what was expected. “The Council has…

Citing procedural difficulties due to absence of clarity, the All India Tax Advocates Forum (AITAF) on Thursday urged the Finance Minister to allow assessees to rectify mistakes incurred in their monthly GST returns in the Annual Return form GSTR 9…

New RBI Governor Shaktikanta Das has completed his consultations with heads of state-run banks, he said on Wednesday. Das, who had earlier served in the government as Economic Affairs Secretary, took charge at the Reserve Bank of India (RBI) last…

Indian IT bellwether Tata Consultancy Services (TCS) on Wednesday unveiled a new private cloud in Canada to help enterprises move into the digital space. “Our enterprise cloud platform is a dynamic solution stack that provides multiple and flexible options, including…

India lost a staggering $86.1 billion, equivalent to over 4 per cent of its GDP, owing to distortions in the power sector in 2016, says a World Bank report released on Wednesday. The report tiltled ‘In the Dark: How much…

Global aerospace major Boeing expects a demand for 2,300 new aircraft in India, valued at $320 billion, over the next 20 years. According to the company’s 2018 Commercial Market Outlook (CMO) for India, factors such as rise in GDP output…

The Reserve Bank of India (RBI) on Tuesday said on review of the evolving liquidity conditions, it has decided to scale up the amounts to be purchased in the remaining two OMO (Open Market Operation) auctions scheduled in December 2018…

The year leading up to the 2019 general elections was defined by a slowdown in investment, slackening growth, falling GST revenues, the biggest bank fraud and a credit crunch that provoked the most significant crisis in government-RBI relations. It was…

In a bid to promote reuse of debris generated by the construction industry, the government will soon reduce the Goods and Services Tax (GST) on products made from recycled demolition waste to five per cent. Currently, the recycled products —…

The Delhi High Court on Monday dismissed a plea challenging the LIC move to acquire 51 per cent stake in the government-owned IDBI Bank. Justice Vibhu Bakhru dismissed the All India IDBI Officers Association plea challenging LIC purchasing the stake…