Priyansh Verma

Tomato inflation in October skyrocketed to 161.27% (vs 42.9% September), due to disruption in its supply caused by rainfall in key producing states, such as Karnataka and Maharashtra.

India's wholesale price index (WPI)-based inflation rose to a four-month high of 2.36% in October primarily due a spike in key food prices and an unfavourable base, data released by the commerce ministry showed on Thursday.

In the previous meeting, held on September 9, the Council has set up two Group of Ministers' (GoM) panels: one to review GST rates on several items, and other to decide on the tax levied on health and life insurance premiums.

The Directorate General of GST Intelligence (DGGI) is likely to approach the National Company Law Tribunal (NCLT) soon, seeking to recover Rs 230-250 crore as taxes from the US subsidiaries of embattled edtech major Byju's.

The unemployment rate (UR) in urban areas declined to 6.4% in the July-September quarter of FY25, from 6.6% in the year-ago period, data released by the statistics ministry said on Monday.

The government is confident of not only meeting the direct tax collection target for FY24, but also exceeding it, Central Board of Direct Taxes (CBDT) Chairman Ravi Agarwal said on Monday.

The Insolvency and Bankruptcy Board of India (IBBI) has recommended several changes in the liquidation process under the Insolvency and Bankruptcy

To strengthen the regulatory framework governing ‘monitoring committees' under the Insolvency and Bankruptcy Code (IBC), the Insolvency and Bankruptcy

Inclusion of free food grains, distributed to households through the Public Distribution System (PDS), into the revamped Consumer Price Index (CPI) may

“The DGGI will get real-time data of all transactions that are taking place, which the banks will share with us. Through this, the agency will be able to keep track of the value of transactions, and consequently the tax liability,” an official said.