Gold bullion purchases across Asia slowed this week as a long rally in prices discouraged buyers.
The RBI panel has also recommended a government-sponsored 'fund of funds' of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector.
Billionaire Elon Musk has completed his $44 billion takeover of Twitter and fired the social media company's four top executives, including CEO Parag Agrawal and legal executive Vijaya Gadde. The New York Times said that Musk, the world's richest man, closed the deal to buy Twitter on Thursday. Citing people with knowledge of the situation, the report said that Musk "has started cleaning house at Twitter with the firings of at least four top executives". The Twitter executives who were fired include Agrawal, Gadde, chief financial officer Ned Segal and general counsel Sean Edgett.
"Dialogue is the only solution to the ongoing crisis in Manipur," Shah said.
The Tax Administration Reform Commission submitted report to Jaitley in June 2014.
'You need to be careful about this.' 'Growth without fundamental principles is like fat.' 'Growth with good base and fundamentals is like muscles.'
Prime Minister Narendra Modi asserted on Wednesday that his government's action against corruption has made some people angry but he will not turn back in this fight against graft and nepotism, however big an alliance his rivals form against him.
The free food scheme is driven by electoral considerations, but its long-term fiscal risks outweigh the short-term gains, cautions A K Bhattacharya.
The department gets data of high-value transactions under the Annual Information Return.
I-T heat on thousands of firms for unusual cash deposits.
Taking the first step towards launch of online PF transfer claim facilities, retirement fund body EPFO has unveiled the revised transfer claim form for the purpose.
The intelligence wing of Central Board of Excise and Customs has 532 officers and staff, he said, adding, the staff strength of DRI will double when cadre review is completely rolled out.
With billionaire Elon Musk closing the deal to buy Twitter and firing the social media firm's four top executives, twitterati in India on Friday seemed divided with many who were vocal against content moderation on the platform hailing the development while others sounding a note of caution. Musk has completed his $44 billion (one billion=100 crore) takeover of Twitter and fired the social media company's four top executives, including CEO Parag Agrawal and legal executive Vijaya Gadde, according to the New York Times. Musk singled out Gadde, 48, criticising her for her role in content moderation decisions at the company, the report said.
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Currently, there is no standard method for arriving at the value of gold accepted as collateral and valuation is arbitrary and opaque.
The I-T department expects that some more revenue would be garnered.
The new office will have its base in the national capital.
Those people without the Aadhaar number have found a loophole in the system
New offerings by banks are changing the way you transact.
Hardik Pandya will be expected to begin his full-time T20 captaincy tenure on a bold note as the Indian team prepares to start its life beyond Virat Kohli, Rohit Sharma and KL Rahul.
Citing people with knowledge of the situation, the report said that some managers were being asked to "draw up lists of employees to cut."
But mobile wallet companies say many consumers are not ready to give out their PAN
Apart from Modi, Jaggi Vasudev to address 2-day tax officers' conference
Information gathered from a person's social media account will be matched with his or her declared income.
The government has also developed a PAN activity monitoring.
Elections may be a few months away, but the government may get into election mode much earlier than that, predicts A K Bhattacharya.
The project is expected to be activated by the end of this month.
The Income Tax Act empowers the CBDT to capture information in respect of payments to non-residents, whether taxable or not
Orders for the festive season abroad begin from next month.
Tirumurti also said India is 'deeply concerned' about the welfare and security of the Indian community, including a large number of Indian students, in Ukraine.
The customs duty from gold imports could be approximately Rs 8,000 crore, about less than half of what was collected a year ago.
The highest number of URLs actioned pertained to Abuse/Harassment and IP-related Infringement (46 each), followed by Privacy Infringement (35), Impersonation (16) and Defamation (15). URLs actioned under Misinformation/Synthetic and Manipulated Media category stood at 7, and Sensitive Adult Content and Hateful Conduct (one each).
The Income Tax Return Form-1 (Sahaj) will replace the 7-page form, removing a plethora of columns on deductions from income claimed.
A downturn in Indian demand could hit global gold prices.
The best way to curb gold demand is by reducing black money in circulation.
WGC expects demand to revive in H2 on surplus monsoon rains
Apart from the much-reported constitutional and political hurdles on a national Goods and Services Tax (GST), there is another basic one. Barely half of dealers in the country have a Permanent Account Number (PAN) from the tax department.
Speculation is rife that the Centre can take draconian steps such as mandatory e-passbooks for all real estate holdings and compulsory checking of every single safe deposit vault.
Coordination between defence and civilian authorities has freed up airspace for commercial airlines in India, resulting in routes becoming shorter and costs coming down, apart from mitigating pollution. "Due to various restrictions of the military, only about 58 per cent of the Indian airspace was being utilised. It is close to 70 per cent now," said an official of the Airports Authority of India (AAI). Officials of the AAI said to date 119 routes had been shortened. Sources said since December 2020 the cumulative savings of airlines had been close to Rs 200 crore while there was a reduction in emission of around 45,000 tonnes of carbon.
The government managed to raise revenues by sending notices to high net individuals to did not file I-T returns last year.
India abstained from a procedural vote taken in the United Nations Security Council to call for a rare special emergency session of the UN General Assembly on Russia's aggression against Ukraine, even as New Delhi welcomed Moscow and Kyiv's decision to hold talks at the Belarus border.
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