While the black money declarations may go up further once all the online and manual filings of undisclosed assets filed at the end of the four-month window on September 30 are compiled, the government will get this fiscal nearly Rs 14,700 crore or half of the total taxes due.
Gold is currently trading at Rs 25,200 for 10 grams.
Markets ended lower amid volatile trade with Sun Pharma leading the decline.
From Chief Minister EK Palaniswami to Seeman to TTV Dhinakaran to elder brother M K Azhagiri, everyone's favourite target these days seems to the DMK chief Stalin, which is good news in an election year, but that doesn't mean he is going to sweep the polls, says N Sathiya Moorthy.
The Bill provides comprehensive legislation to prohibit unregulated deposits, with punishment for those promoting such schemes or defaulting on repayment.
Silver has a dual role - 60 per cent of the total silver produced is used for industrial purposes in the electrical & electronics segment and photovoltaic demand mostly for solar panels.
There are few strategies to invest safely in a volatile market.
'For investors who are willing to remain invested for two - three years, there exist quite a few good opportunities.'
ADB was urged to take up the Railways sector.
The Sensex ended lower on unfavourable cues.
The elements are all aligned to make India a global powerhouse, says IMF Managing Director Christine Lagarde.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
Niti Aayog has come out with an initiative to improve governance in states.
'Most of the measures the finance minister announced will take effect after the lockdown.' 'By that time, millions of people will be starving.'
Several factors seem to have corrected in India in the past six months, says the president of New Development Bank.
The apex court's five-judge Constitution bench headed by Chief Justice Dipak Misra said Aadhaar is meant to help benefits reach the marginalised sections of the society and takes into account the dignity of people not only from personal but also from community point of view.
For rest of the year, the issue is largely going to be the balance between growth rates and macro stability versus interest rates, says Sankaran Naren.
Phonemaker Apple is said to be in talks to take 30,000 sq ft retail space at plush property Maker Maxity, in Bandra Kurla Complex
'When bankers are hounded by investigative agencies for credit decisions going wrong and defaulters are treated like outcasts, who will borrow money and who will lend?' asks Tamal Bandyopadhyay.
'The procurement cycle still consumes too much time; little has changed.'
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
The Budget sets out a comprehensive vision.
Irdai's push will make insurance cheaper for consumers and enable a consolidated view of all policies.
Retail inflation has eased from double digits in 2013.
Dilip Shanghvi founded Sun Pharma in 1983.
'This time, even the professedly secular parties have maintained a conscious distance from being identified with Muslims.' 'This could be interpreted as a success of the BJP campaign of what it has been calling 'minority appeasement', says Mohammad Sajjad.
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Beating of war drums, would further accord primacy to the army in Pakistan. A better approach would be to continue the talks for normalisation of trade relations, while giving the Indian forces autonomy to strike at militant camps across the LoC, says Alok Bansal
RBI will take a cue from the Fed policy statement.
Economist Arvind Panagariya has also argued for loosening deficit targets to boost capital spending
India is only on the starting block.
It would be a good idea to create independent oversight committees for each regulatory institution and indeed, even for their appellate bodies, says A K Bhattacharya.
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
No longer an in-house task; hiring legal eagles is now becoming norm for M&As, fundraising
Indian regulators have identified certain groups as 'financial conglomerates' and they are being monitored closely for any systemic risks they may pose.
