A court-appointed auditors informed the Supreme Court that posh flats which were part of Amrapali Group were booked on sums as low as Re 1, Rs 5 and Rs 11 per sq.ft in the name of over 500 people. ....

India's annual rate of inflation based on wholesale prices eased to 3.80 per cent in December 2018 from 4.64 per cent in November, official data showed here on Monday. ....

In a further relief to the micro, small and medium (MSME) sector, the threshhold limit for eligibility under the GST Composition Scheme was raised to Rs 1.5 crore, from Rs 1 crore, by the GST Council on Thursday and will apply from the 2019-20 fiscal beginning April 1. ....

Assuring adequate liquidity measures whenever the need arises RBI Governor Shaktikanta Das on Monday noted that liquidity should not become "loose money" and the apex bank would excercise the measures with caution. ....

In a significant victory for the investigating agencies, a Mumbai Special Court on Saturday declared absconder liquor baron Vijay Mallya a 'fugitive' under the Fugitive Economic Offenders Act, 2018. ....

Passing on a new year gift of reduction in global gas prices to consumers, state-run Indian Oil Corp (IOC) on Monday announced a major cut of Rs 120.50 in the rates of non-subsidised LPG cylinders. ....

Former Finance Minister P. Chidambaram on Wednesday raised questions about what caused the change in the "declared goals" of the Goods and Services Tax (GST) regime, why it was being changed. ....

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. ....

After a court in Britain ordered the extradition of Indian industrialist Vijay Mallya to stand trial on charges of committing a Rs 9,000-crore bank loan fraud, the Indian High Commission in London is in touch with British authorities, with the case now in the hands of British Home Secretary, a senior official said on Thursday. ....

The Enforcement Directorate is likely move an application before a city court on Wednesday seeking custody of Christian Michel, the middleman who was extradited to India from the UAE earlier this month in the Rs 3,600-crore AgustaWestland VVIP chopper deal, said sources. ....