DRs have shares as an underlying asset and are typically issued by a bank, known as the depository bank, on behalf of a company.
The government is also planning to replace the current ageing Air India One or Boeing 747 with Boeing 777s. Arup Roychoudhury and Archis Mohan report.
Section 276CC provides for prosecution and makes tax evasion punishable with rigorous imprisonment of three months to seven years along with a monetary penalty depending on the amount dodged.
Centre might move swiftly on its next round of strategic sales in CPSEs
Bank, bankruptcy reforms, Nabard Bill amendment on agenda.
Writes to Trai, Mumbai Police to catch unauthorised SMS senders
The previous highest divestment proceeds for the first half of a year was around Rs 21,000 crore in 2016-17.
DEA is currently headed on an interim basis by Corporate Affairs Secretary Tapan Ray
North Block and Mint Road seem likely to now stick to the earlier convention of the RBI governor coming to Delhi and being the only MPC member meeting the finance minister and senior bureaucrats on pre-policy meetings
A panel led by the secretaries of the DEA and the DIPP would conduct a quarterly review on the pending proposals.
Fiscal discipline has been maintained but toxic assets worth Rs 7 crore are a massive headache
Most of these alleged tax evaders hail from Kolkata, Mumbai, Ahmedabad, Surat, and Delhi.
PMO asked income-tax department to submit report on action taken against identified benami owners
"There have been discussions on implementing UBI in J&K -- not just as a pilot in some districts, but in the entire state, according to Drabu's proposal in the state's Budget," said an official. "Finance Minister Arun Jaitley is also supportive of the idea. A presentation will now be made at the PMO."
The framework also envisages amendments to the Prevention of Corruption Act to exempt commercial decisions by PSBs from scrutiny by investigating agencies. Both the amendments are likely in the monsoon session of Parliament.
Official is accused of taking a bribe of Rs 2 cr to issue order in an appeal favouring Balaji Trust
Tax wing scanning cash deposits between Rs 5-10 lakh
While they have restructured loans, there is still question mark over the success of such a work-out
Some may lose competitiveness due to higher compliance costs
Government's move to hire UK arbitrator follows poor track record of India in extraditing offenders from Britain
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