PM Modi questioned for how long India will be kept out of the decision-making structures of UN, asserting that reform in the responses, processes and the character of the global body is the \"need of the hour\"

COVID-19 vaccine: China claims WHO gave support, understanding for emergency use programmeThe World Health Organization gave China its support and understanding to start administering experimental coronavirus vaccines to people while clinical trials were still underway, a Chinese health official said on Friday. China launched its emergency programme in July, having communicated with the WHO in late June, according to  a National Health Commission official. Hundreds of thousands essentia...

Out of these five states, Andhra Pradesh has been allowed to borrow Rs 2,525 crore, Telangana Rs 2,508 crore, Karnataka Rs 4,509 crore, Goa Rs 223 crore, and Tripura Rs 148 crore

Government told Lok Sabha that it has taken several steps for timely detection of tax evasion, including searches and seizures, surveys, enquiries, assessment of income, levy of taxes, penalties, and filing of prosecution complaints in criminal courts

Finance Ministry sources said that the GST Council with full presence of states and UTs needs, as per the GST Act, only 20 states to pass any resolution, in case voting is required on any issue

Nirmala Sitharaman says GST compensation will have to be paid from compensation cess kitty only; states are staring at GST revenue shortfall of around Rs 2.35 lakh crore, of which Rs 97,000 crore is believed to on account of GST compensation

The Lower House later approved the first batch of the supplementary demands for grants, mainly to enable the government meet expenses for combating the COVID-19 pandemic

Finance ministry sources said that the fact these auto companies have made huge payouts in the form of royalty to their parent companies located abroad is evidence enough that they have flourished in the same tax regime

DMK legislator P Thiagarajan's comments come while the government is scrambling to find money to fund its key expenditure programmes

According to the details shared by the Minister of State for Finance Anurag Singh Thakur in Lok Sabha, states such as Mizoram and Goa are staring at the widest shortfall of nearly 43 per cent in the comparable period

The government has also sought Rs 46,602.43 crore towards providing additional allocation under Post Devolution Revenue Deficit Grant to the states as per recommendations for Fifteenth Finance Commission

Retail inflation data, due later in the day, is likely to have stayed above the Reserve Bank of India's medium-term target range in August for the fifth straight month

Congress-ruled states, Kerala, West Bengal and Delhi are yet to decide

The Institute of Chartered Accountants of India (ICAI) has written to the GST Council asking for an extension of 2018-19 GST annual return filing deadline

The Congress has accused the Modi government of not handling the COVID-19 pandemic effectively

The GST Council meeting comes hot on the heels of the ongoing conflict between states and the Centre over the issue of Rs 2.35 lakh crore GST shortfall

This is Part I of two-part article revisiting critical economic decisions that eventually led to minus 23.9% growth in Q1 of FY21. Blaming exogenous factors (pandemic) or intense lockdown is merely an excuse to divert attention from government's ineptitude and thwart meaningful debate

In the current fiscal, the compensation requirement of states has been estimated at Rs 3 trillion, of which Rs 65,000 crore would be funded from the revenues garnered by the levy of cess

He asked opposition parties in Maharashtra to raise unitedly with the state government the demand before the Centre for clearing the state's GST dues

Finance Ministry sources said that working out revenue shortfall on account of GST implementation is just a mechanism to assess how much of the shortfall should be met by borrowing and how much could be deferred