Officials have uncovered a massive Rs 593 crore fake invoice scam. The Directorate General of GST Intelligence arrested the alleged mastermind in Bengaluru. The syndicate issued invoices without supplying goods or services. This facilitated fraudulent claims of Input Tax Credit.…
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The Gujarat High Court censured a GST officer for depending on unverified AI-produced court citations, which proved fictitious. The errors impacted a matter involving Marhabba Overseas Private Limited. The court called for thorough verification and prudent use of AI in…
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Fino Payments Bank’s Managing Director and CEO, Rishi Gupta, was arrested under CGST and SGST Acts. The bank clarified the investigation involves a business partner, not its GST compliance, and is taking steps to resolve the issue. CFO Ketan Merchant…
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Prime Minister Narendra Modi described public capital expenditure as the cornerstone of India’s economic strategy, noting a marked rise in government infrastructure spending to secure long-term productivity gains. This investment drive forms part of a sustained nation-building effort aimed at…
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Addressing the first post-Budget webinar on ‘Technology, Reforms and Finance for Viksit Bharat’, Modi said public capital expenditure has risen from Rs 2 lakh crore 11 years ago to over Rs 12 lakh crore in the Union Budget 2026-27, laying…
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IIFL Home Finance has secured a $300 million loan from the Asian Development Bank to expand affordable housing lending for low-income families, with a special emphasis on women. A portion of the funds will back green-certified, energy-efficient homes, helping address…
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