IMF Predicts 7.3% Growth For India In 2018, Praises GST, Bankruptcy Code

The International Monetary Fund or IMF on Tuesday predicted a growth rate of 7.3 per cent for India in the current year and 7.4 per cent in 2019.

Prime Minister Narendra Modi today said India is going through major social and economic changes and the resultant New India will prove to be a catalyst for global development.

Congress president Rahul Gandhi appealed to Prime Minister Narendra Modi on Friday to bring petrol and diesel under the purview of the Goods and Services Tax (GST), saying the people were distressed over their skyrocketing prices.

The CBI has carried out searches at the Chennai residence of Additional Commissioner, GST, Senthil Valavaen in connection with the Gutkha scam, officials said Thursday.

Punjab minister Navjot Singh Sidhu on Thursday claimed that show cause notices have been issued to Fastway Transmission Pvt limited (FTPL), a multi-system operator in cable business, by the director general of GST Intelligence for allegedly evading service tax amounting to Rs 2,100 crore.

After the government announced a Rs 2.50 per litre price cut on petrol and diesel, former Finance Minister P. Chidambaram on Thursday described it as "tokenism" saying the government had belatedly realised the "unbearable burden" on people.

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After almost two decades of political wrangling Australia on Wednesday finally agreed to scrap its so-called "tampon tax".

Expressing satisfaction with GST collection trends, the government on Friday said the states were on the path of meeting their revenue targets by themselves, thereby not needing compensation from the Centre after the five-year period of its implementation.

GST Council, the highest decision making body of the Goods and Services Tax regime, today decided to set up a seven-member group of ministers to suggest on cess demand for Kerala flood rehabilitation.

Congress president Rahul Gandhi on Thursday said changes will be made to the Goods and Services Tax (GST) to reduce rates on items, if his party comes to power.

A day after Rahul Gandhi promised that in the "next two-three months you will have fun after we will show you Narendra Modi's work -- Rafale, Vijay Mallya, Lalit Modi, Demonetisation, Gabbar Singh Tax (his expansion for the GST)", Congress's social media head Divya Spandana tweeted a list of what her party called as "scams and corruption of Modi and his govt". It's ti...

The Goods and Services Tax Network (GSTN) has directed its software vendor Infosys to design new forms for filing returns by traders, said its Group of Ministers Chairman Sushil Kumar Modi today.

Hitting out at the BJP-led NDA government at the Centre, Congress chief Rahul Gandhi on Tuesday asserted that his party was committed to granting special category status to Andhra Pradesh if elected to power in 2019.