While overall employment rose from 456 mn to 463 mn between FY11 and FY15, with farm employment falling by 26 mn over the same period, the net addition to employment over the entire four year period was a mere 7 mn.
In India 24-carat gold is used mostly in coins and bars
The proposed bullion bank can help settle gold loan accounts in gold terms, and promote existing gold schemes, along with launching schemes including gold-recurring deposits.
"The government feels the industry needs some government oversight and can't be left unregulated. A panel of bureaucrats will soon submit their recommendations on the subject," said an official.
BIS proposes compulsory registration for selling hallmarked jewellery. This will kill business of online sales as BIS registration is given only to physical premises.
There will be a dramatic alteration in the role the Centre and the states will play to shape India's fiscal and economic destiny, report Nitin Sethi and Ishan Bakshi.
Government allows duty-free import of 500,000 tonnes raw sugar till June 12. At present, India levies an import duty of 40% on sugar
The BJP's manifesto for UP elections promised many things. But, given the state's precarious financial position, fulfilling these promises is likely to prove tricky, says Ishan Bakshi.
Retail jewellers may be exempted as customers are allowed to buy jewellery up to Rs 200,000 in cash
'We need to see how quickly the industry comes out of the impact of the note ban.'
Exemptions, and the fact that farm income is outside the tax net, ensure that India's tax-GDP ratio stays low.
Output, consumption estimates further revised downwards; debt restructuring for mills possible.
It is difficult to reconcile the GDP numbers with other economic indicators.
The company was looking to raise around Rs 1,800 crore for a stake sale of 10 per cent.
After demonetisation, demand jumped as many people with unaccounted money bought the yellow metal.
RE of GDP for 2015-16 show that the economy grew 7.9% in 2015-16, rather than the earlier estimate of 7.6 per cent.
If there is turmoil in currencies, gold can shoot up sharply, says author of Arora Report.
In his last Budget, Suresh Prabhu, set an ambitious target for capital expenditure.
Leading indicators suggest economic activity has been disrupted after demonetisation.
Rajesh Bhayani highlights all that you need to know about the online currency.
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