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Top 10 biz headlines: Swinging fortunes for India's rich, GST rates & more

From Insolvency and Bankruptcy Code (IBC) amendment to India's coal power usage, here are the top 10 business headlines of the day

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BS Web Team New Delhi
HPCL takes to LPG auto-booking of cylinders

Facing flak over the declining number of liquefied petroleum gas (LPG) cylinder refills under the Pradhan Mantri Ujjwala Yojana (PMUY), the government-controlled oil-marketing company Hindustan Petroleum Corporation (HPCL) has started the auto-booking of cylinders for inactive connections. Read here

Higher GST rate on mobiles, fabrics may boost revenues

The goods and services tax (GST) rate on mobile phones and fabric may be hiked by the GST Council next week. This could be part of an exercise to correct the inverted tax structure and boost revenue collection. Read here

Cabinet clears