The rise in illegal imports of the yellow metal has caught the eye of the finance ministry.
The Empowered Committee of State Finance Ministers got its new chairman on Monday in Jammu and Kashmir's Abdul Rahim Rather.
Disgruntled executives are already pinning hopes on the new banks, too.
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With new private banks in the play, the going could become more difficult for the old-school state-run banks, already losing business and market position, forcing them to think hard towards consolidating and forming larger entities to garner big-ticket deals.
Penalty can be levied at 100-300 per cent of the tax evaded, while tax is imposed at the highest rate of 30 per cent.
This means taxpayers might continue to enjoy exemption on maturity of their investments
May include 'influencing a company's major policy decisions' in the current meaning.
The biggest problem is that those with Aadhaar numbers aren't coming forward for seeding these with bank accounts.
Dept to focus on real estate, infra, mining and manufacturing to detect evasion.
Also discuss a proposal to increase the minimum VAT rate to 6% from 5%; no decision taken yet
The move could streamline capital flows and help finance current account deficit
The move comes less than two months after the Union Budget clarified that returns from pass through certificates were tax-exempt.
The government would try to minimise layers in FDI ceilings.
Despite a high current account deficit (CAD) and lower interest rates abroad, the Union government will not go for a sovereign bond issue to get more dollars.
Could turn out below last year's budget estimate, with some improvement in revenue and spending
Prime minister's office wants OMCs to bear credit subsidy for remaining 8 subsidised units on reimbursement basis.
Many fund managers at domestic institutions had cut their exposure to Infosys shares ahead of the March quarter earnings.
April dealers with up to Rs 60-lakh (Rs 6-million) turnover could opt out with 1 per cent levy.
Finance ministry gives bank boards the flexibility to decide whether the stipulated tenure of rural/semi-urban experience should be continuous or in parts.
The state's tax department had collected Rs 64 crore (Rs 640 million) from ACC, against which the company moved the Himachal Pradesh High Court.
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