Dealers with turnover of Rs 2 crore and above covered; industry says threshold too low
According to government data, the prices have still not crossed the MSPs in some mandis.
On an average most commodities are up between 20-30 per cent compared to a year ago levels.
Of the 11,000 kg imported between July 1 and August 9, around 90 per cent was brought in by two business groups which took advantage of the favourable reduction in tax incidence under GST, routing their imports through Korea.
Steps such as safeguard duty in the works to plug the route
In July alone, 2.5 tonnes of gold coins were imported so far from South Korea under zero-duty facility
A new solution to raise deal speed is expected to avoid hiccups in trading when launched on August 1
Good monsoon, farm loan waiver -- the two key reasons behind more customers in jewellery shops
While an impending rate cut is a good reason to enter debt funds, another is the high valuations in equity markets.
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.
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If you missed the primary market bus but still want to invest in Sovereign Gold Bonds, then feel lucky.
Resolution to the bad loans problem has to be incremental, and the RBI has to ensure NPAs are not swept under the carpet, HDFC chairman Deepak Parekh tells Joydeep Ghosh.
If customers did not see value in what we provide them at the price point at which we provide these, they would not have been there with us in such a competitive market, says HDFC deputy managing director Paresh Sukthankar.
"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.
'Debt mutual funds are a good option now because interest rates are coming down.' 'Retail investors must put a majority portion of your money in short-term debt funds (1 to 3 years) and only a small portion in actively managed dynamic funds.'
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
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