India is on track to surpass Britain next year to become the fifth largest economy in the world and to emerge among the "big three" global economies by 2040, Finance Minister Arun Jaitley said on Thursday. ....

Fuel prices continued to rise on Tuesday, with diesel prices rising to fresh record levels across metros and petrol crossing the Rs 78-per-litre mark in the national capital. ....

Budget passenger carrier SpiceJet on Monday successfully operated India's first test flight partially powered by bio-fuel. ....

The government may need to amend the Reserve Bank of India Act of 1934 and also bring a special law vis-a-vis setting up of the Public Credit Registry (PCR) to revolutionise the credit sector, an RBI official said on Monday. ....

Former Union Finance Minister P. Chidambaram on Sunday attacked the Modi government on the falling value of rupee and said the manner of implementation of the GST is an example of tax terrorism. ....

The Lok Sabha on Thursday passed four bills that seek to amend GST laws which, among other things, seek to simplify the return filing process and increase the upper limit of turnover for opting for composition scheme from Rs 1 crore to Rs 1.5 crore, among others. ....

Key equity indices - BSE Sensex and NSE Nifty50 -- touched fresh all-time highs on Monday, supported by healthy buying in banking, consumer durables and auto stocks. ....

The Goods and Services Tax (GST) Council in its meeting on Saturday decided to start a pilot project to give cashbacks to consumers in order to incentivise digital payments in the country. ....

Union Minister Arun Jaitley on Friday said the GST has replaced the 'Congress Legacy Tax' -- which was 31 per cent for most goods -- with a 'good and simple tax', adding that the existing 28 per cent slab will be phased out following further improvement in revenue collections. ....

Senior Congress leader P. Chidambaram on Friday slammed the government over its poor management of economy, saying inflation is at five-month high, industrial growth at five-month low and the trade deficit has soared. ....