The Modi government has been defending the multi-tiered rates under GST, saying there cannot be one rate given that different segments of society have to be taxed differently, but it has emerged that ordinary bicycles used mostly by the low-income group people attract 12 per cent GST while expensive electric bicycles are in the lowest slab of 5 per cent. ....

An immediate impact of RBI's version of 'operational twist' brought down 10-year bond yield by 15 basis points, giving a leg-up to the government in borrowing cheap. ....

Noting that the economy has gone through ups and downs in the past too, Prime Minister Narendra Modi on Friday cited macro economic data from previous governments to suggest that the economy would bounce back again with much vigour and strength. ....

After onions made headlines with exorbitant cost, milk will soon become dearer as major processing firms have decided to raise prices by up to Rs 3 per litre on the back of constrained supply. ....

The government would spend a whopping Rs 5 lakh crore over the next two years in infrastructure projects to spur the economy and create thousands of jobs, Union Surface Transport Minister Nitin Gadkari said on Tuesday. ....

In a big boost for Indian investigating agencies, a special PMLA court has proclaimed absconding diamantaire Nirav Modi, one of the prime accused in the Rs 13,500 crore Punjab National Bank scam of 2017, as a 'fugitive economic offender' here on Thursday. ....

With the second quarter GDP slipping to a six-year low of 4.5 per cent and expected to remain muted, the Reserve Bank of India (RBI) on Thursday cut GDP growth forecast for the current fiscal to 5 per cent. ....

The honeymoon for telecom subscribers seems to have come to an end as all the three private telecom players -- Vodafone Idea, Bharti Airtel and Jio -- on Sunday announced pre-paid tariff plans with 40-50 per cent higher rates. ....

Pushing the pedal on its disinvestment programme, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved strategic disinvestment in five large public sector undertakings (PSU) -- BPCL, CONCOR, SCI, THDC and NEEPCO -- along with change in management control in these companies. ....

Global rating agency Moody's Investors Service on Friday cut India's outlook from 'stable' to 'negative' reflecting increasing risks to the country's economic growth and the government's failure in addressing long-standing economic and institutional weaknesses. ....