dna Money Must Reads: From Sebi auction of new Sahara parcels, to wage hike recommendations to 7th Pay Commission and more

Here are the top 5 business stories of the day:

1. Indians inherently honest; remove fear of harassment from taxpayers' mind: PM Modi to taxmen

Senior tax officials of the Central Board of Direct Taxes (CBDT) and Central Board of Excise & Customs (CBEC) interacted with Prime Minister Narendra Modi on Thursday at the first of its kind 'Rajasva Gyan Sangam. Read.

2. Sahara auction: Sebi adds 16 new parcels at Rs 1,245 crore bid price

Markets regulator Sebi has added 16 more land parcels of Sahara group, with a reserve price of Rs 1,245 crore, to the list of properties to be auctioned next month for recovery of funds. Read.

3. 'Monsoon's role in reviving rural economy not significant'

Forecast of above-normal monsoon this year has rekindled hopes of a rural recovery, but its role in doing so is not that "significant", says a UBS report, thus striking a contrarian tone to the mainstream idea. Read.

4. 7th pay commission: Panel may recommend 30% wage hike; final report likely on June 18

The 7th Pay Commssion may present a 30% hike in the wages of central government employees in its final report, Zee News alerts said. Read.

5. Black money probe: India, Switzerland may engage in automatic information exchange by 2018

Following up on Prime Minister Narendra Modi's meeting with Swiss leadership, an Indian team of officials will soon visit Switzerland to seek expeditious action on requests for information on Indians who have stashed money with banks there. Read.