Government may consider amnesty scheme for citizens hoarding gold illegally

The finance ministry is considering an amnesty program for residents with an illicit stash of gold, as part of an effort to crack down on tax evasion and cut its dependence on imports, according to people with knowledge of the matter. The proposal is made upon a proposition made by PM Modi and is at an early stage as authorities seek feedback from concerned officials.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/39FUMTF
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