With the creation of the state of Telangana, additions were made to ToRs of the 14th Finance Commission to make recommendations for the newly created states after the reorganisation of Andhra Pradesh.
Geopolitical climate and equity markets as supportive for gold's role as a risk hedge.
Cascading effect of rising raw materials will result in inflation, high rates, slow capex
Regulated electronic platforms such as e-spot markets or spot exchanges may be deemed as authorised markets.
Income velocity based on currency with the public went down from 0.93 in October to 0.84 in March says a report from SBI's economic research department
Despite various challenges, the past year was a good one, says Bruce Cleaver, chief executive officer of the De Beers Group, the global corporation that has been the leading one in all aspects of the diamond trade for over a century.
Sugar prices in October were Rs 36-37 a kg, from where they fell by Rs 8-9 per kg.
Gold prices this year are higher than last year, and the goods and services tax is an additional burden for consumers
'As an investor, I either have to exit my investments in the next three months or use dark pools or cash to transact. For a normal investor, it will be almost impossible to transact in bitcoin and other digital currencies.'
Uncertainties like the bankruptcies bill, rising non-performing accounts at banks and political uncertainty are expected to drive gold demand higher in India.
Cryptocurrency exchanges face issues with their current bank accounts.
Totally 13 global brands were surveyed by NGO on whether they ensured human right protection while sourcing when gold and diamonds
With certain quarters demanding privatisation of public sector banks in the aftermath of the alleged fraud at Punjab National Bank (PNB), Economic Advisory Council to the Prime Minister chairman Bibek Debroy tells Sanjeeb Mukherjee, Ishan Bakshi and Indivjal Dhasmana that reducing government equity even to zero would not mean giving up of government control over these banks.
Measure to be implemented in metros first, followed by state capitals, district HQs and rest of country
There has been some improvement in prices of oilseed and gram after the central government increased their import duties
Infrastructure, stricter implementation boost commercial vehicle sales
The scheme, touted as a panacea to burgeoning CAD, was a huge flop that fostered a spike in smuggling and allowed several Gitanjali-like players to make a killing
While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which amounts to over 13%.
Two entities under the Union ministry of commerce report differing figures for import of cut and polished diamonds for the first eight months of the financial year.
'We don't trade with any business where we have specific concerns,' a De Beers spokesperson said.
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