Gold on Saturday surged to five week high by gaining Rs 280 to Rs 28,425 per ten grams in the national capital on increased buying by stockists and jewellers against restricted supply.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
Like the UPA government, probably the NDA government also feels that hardships caused to taxpayers are just collateral damage and that taxpayers are too few and even those few don't have a vote (non-individuals) or don't vote, says Harsh Roongta.
On gold buying occasions such as Akshaya Tritiya, Chiraj Mehta points out, investors are often confronted with the question: Should I make just a token purchase, or should I buy more towards building my allocation in the yellow metal?
Concern would kick in if imports stay at or over 100 tonnes a month.
Rajan, as expected, furthered his predecessors' agenda and continued with the same resolution to make India's financial system safer, and direct the economy towards further liberalisation
Festive demand for gold in India got off to a tepid start, with local prices still at a heavy discount to the global benchmark, a bad sign for a period when buying is typically strong.
Traders said increased buying by stockists and retailers mainly kept gold prices remain higher for the third day.
India will also launch a sovereign gold bond to lower physical demand.
On the domestic front, gold of 99.9 and 99.5 per cent purity fell by Rs 30 each to Rs 28,445 and Rs 28,245 per 10 grams, respectively after gaining Rs 655 in last three days. Sovereigns, however, remained stable at Rs 24,400 per piece of eight grams in restricted buying activity.
'It is unrealistic to expect that security dilemmas and strategic distrust to disappear or even diminish any time soon,' says Rup Narayan Das.
The recently approved government scheme provides both liquidity and returns.
Crypto-assets are essential to blockchain technology, which has the potential to be one of the next major growth drivers for the software ecosystem in India. A prohibition would nip this opportunity in the bud, say Vaibhav Parikh and Jaideep Reddy.
James Wilson tracks down discrepancies in the much-hailed demonetisation policy and the subsequent statements of the government and the Reserve Bank of India.
Steps such as safeguard duty in the works to plug the route
Imports of gold and silver in February 2013 stood at $5.24 billion. In January this year, they were $1.72 billion.
Despite the recent imposition of import rule and high duties, the yellow metal continues to attract buyers.
As economic policy making moves from pragmatism to populism, the bulls begin to make way for cautious optimists.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The blockchain, the public ledger that tracks every bitcoin transaction, is changing commerce as we know it, says Devangshu Datta.
The banana grower, like everyone else in the village, was buying all his daily requirements on credit. The grocer, fishmonger and vegetable seller were all happily dispensing with their goods and keeping account of who owed what.
Besides return and risk, investors also need to weigh the liquidity of the instrument they are putting money in
'We have given the authorities our bank details; hope they give us something since we won't be able to work for some time.' A Ganesh Nadar/Rediff.com speaks to passengers injured in the terrors blasts on the Bangalore-Guwahati Express.
BJP national president Amit Shah asserted that the last 15 years rule of the BJP is a model of an ideal state. "Raman Singh government has successfully tried to contain the Naxal and made the state an education hub. This manifesto is for Naya Chhattisgarh.
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Returns on godl have depleted in past few years,
The government has also built in mechanism to protect investors from price fluctuation.
The government had increased customs duty on gold to 10 per cent and banned import of gold coins and medallions, while the RBI linked imports of the metal to exports.
The government on Monday reduced import tariff value on gold to $388 per 10 grams and on silver to $540 per kg, following global price trends.
'Mamata is synonymous with Bengal, its culture, language, traditions.'
A tweet by the Press Information Bureau said the states which have imposed lockdown in all districts include Chandigarh, Delhi, Goa, Jammu and Kashmir and Nagaland. The other states are: Rajasthan, Uttarakhand, West Bengal, Ladakh, Tripura, Telangana, Chhattisgarh, Punjab, Himachal Pradesh, Maharashtra, Andhra Pradesh, Meghalaya, Jharkhand, Bihar, Arunachal Pradesh, Manipur, Tamil Nadu, Kerala, Haryana, Daman Diu and Dadra and Nagar Haveli, Karnataka and Assam.
Rajan, who has also served as chief economist at the International Monetary Fund (IMF), said he had no idea what statistics are pointing at currently and "a revamp" was needed "to really figure out what India's true growth rate is".
In all the time he has spent in bank and ATM queues, these are the 10 arguments that were being thrown at him constantly by those supporting the demonetisation, says Syed Firdaus Ashraf.
Amid concerns of bullion trade being used for routing of black money, Switzerland's gold exports to India have risen further and is fast approaching Rs 1-trillion mark for the entire 2014.
The current bear run has already been the second longest since 1975.
RBI aiming to bring down headline number to 8% by end of this year and to 6% by the end of next year.
Despite returns from gold down over 5% in the past three months, it is a good idea to keep this asset class in your portfolio.
The best possible move would be for the government to spend the funds on activities like infrastructure development or as it deems fit, says Soumya Kanti Ghosh.
In the past two years, investors in gold have lost money.
India's current account deficit, which is the excess of foreign exchange outflows over inflows, touched a historic high of 4.8 per cent of GDP in 2012-13, mainly due to rising imports of gold and petroleum products.
'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
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