GST Council had made certain recommendations for revision in GST rate, to correct inverted duty structure and other anomalies.

India's current account slipped into a deficit of USD 9.6 billion or 1.3 per cent of GDP in the September quarter.

Two foreign-controlled Mobile phone makers Xiaomi and Oppo can be fined Rs 1,000 crore for not complying with tax laws. 

The Reserve Bank of India has clarified that RBL Bank is well capitalised and the financial position of the bank remains satisfactory.

In a big raid,the Income Tax and GST officials have recovered more that Rs 150 crore from a premises of Piyush Jain in Kanpur.

RBI has imposed a penalty of Rs 1 crore each on payment system operators One Mobikwik Systems Private Limited and Spice Money Ltd.