The official said there are both challenges and opportunities for India as many of its competitor countries in exports, such as China Vietnam, Bangladesh, Cambodia and Thailand, face higher duties.
Australian Nicola Olyslagers took silver and Ukraine's Iryna Gerashchenko and Australian Eleanor Patterson shared the bronze.
These duties will come into force from April 9.
'That combination of a rising economy, a growing middle class, and a deepening love of diamonds and jewellery is what we see really doubling the market for diamonds over the next five years.'
India's exports rose 9.03 per cent to $38.49 billion in April, the highest in six months, driven by healthy growth in sectors such as electronics and engineering goods, while the trade deficit widened to a five-month high of $26.42 billion. According to the commerce ministry data released on Thursday, imports increased by 19.12 per cent year-on-year to $64.91 billion in April due to a rise in shipments of crude oil and fertiliser.
Prez, PM and sports fraternity hail bronze medallist shooter Sawpnil Kusale
Amid the ongoing global tariff war, Reserve Bank Governor Sanjay Malhotra on Wednesday said he is more worried about its impact on growth than inflation. Speaking to the media after presentation of the first bi-monthly monetary policy for the current financial year, Malhotra said, RBI has reduced the growth forecast for 2025-26 by 20 basis points to 6.5 per cent.
Mondo Duplantis was named the Laureus World Sportsman of the Year, while American gymnast Simone Biles bagged the top women's honour at the Laureus World Sports Awards.
Anil Agarwal, chairman of metals major Vedanta group, has called for the sale of government stake in Bharat Gold Mine and Hutti Gold Mine so as to increase production of the yellow metal in the country. In a social media post, Agarwal said global gold prices are currently at record highs and India imports 99.9 per cent of its requirement. "With massive investments, we can be a major producer of gold and a big generator of employment," Agarwal said.
'Our brothers and sisters are headed to Paris, hungry for medals. A billion of us will be watching them nervous and excited as our athletes set foot in the tracks and fields and courts and rings.'
Laura Lindemann won a thrilling sprint finish to give Germany gold in the Olympic triathlon mixed relay on Monday.
The Reserve Bank of India has brought 100 metric tonnes of gold reserve from the UK to India as there is enough domestic storage capacity, and nothing more should be read into it, Governor Shaktikanta Das said on Friday. The RBI moved 100 metric tonnes of its gold stored in the UK to domestic vaults in FY24.
Ukraine claimed the gold medal in the women's sabre team event as they rallied to edge South Korea in a thrilling final bout at the Paris Games on Saturday.
World Championship challenger D Gukesh on Sunday said he didn't think about his personal achievements and was prepared to do "whatever it takes" to secure India's maiden gold medal at the Chess Olympiad following near-misses in previous editions.
Neeraj Chopra's event granted category A status by World Athletics.
As ever, McKeown had her father Sholto on her mind as she reeled in Smith and bronze winner Katharine Berkoff during a typically furious final lap.
BCCI wants to adopt Olympic sports; Govt mulling approval to OCI athletes
The Central Board of Indirect Taxes and Customs (CBIC) has stepped up its watch on the import of unbranded gold jewellery amid a spurt in seizures on international borders and from importers. During FY24, the CBIC and Directorate of Revenue Intelligence (DRI) jointly seized about 5 tonnes of gold, 30 per cent more than what they did in FY23. In FY23, 3.5 tonnes of gold was confiscated.
Umesh Choudhary was penalised two points for 'reporting late' to the preparation arena ahead of the 10m finals, which cost him the gold medal in the eight-shooter final.
India's compound mixed team of Jyothi Surekha Vennam and Rishabh Yadav secured a spot in the final at the Archery World Cup Stage 1, guaranteeing a third medal for the country.
France are only the third country to win back-to-back golds in men's volleyball after the former Soviet Union and the United States.
India's top men's doubles pair of Satwiksairaj Rankireddy and Chirag Shetty withdrew from the BWF Sudirman Cup Finals due to illness.
The Indian industry is paranoid about the USA's plan to impose reciprocal tariffs and wants early conclusion of a bilateral trade agreement, sources said on Wednesday. They said that the talks for the proposed bilateral trade agreement are going well.
'The Pakistan establishment keeps him well protected.'
India has moved 100 metric tonnes of its gold stored in the UK to domestic vaults in FY24, sources said on Friday. This is one of the biggest movements of gold undertaken by the country since 1991, when pledging a substantial part of the gold holding to tide over a foreign exchange crisis resulted in its movement out of vaults. The country's overall gold holding increased 27.46 metric tonnes in FY24 and it stands at 822 metric tonnes, as per official data.
Images from the athletics action at Stade de France, Saint-Denis, Paris, on Wednesday.
The Delhi High Court has directed Customs officials to ensure that old and personal jewellery of travellers, including ornaments being worn by them during travel, are not unnecessarily detained at airports and they are not harassed. The court was hearing a batch of more than 30 petitions raising issues on the procedure for detention of goods belonging to the tourists travelling to India, of both Indian and foreign origin, by the Customs department.
The bubbly 23-year-old Alexa Leary was in a coma in hospital in 2021 after sustaining permanent brain and leg injuries in a high-speed bike crash that left her with a punctured lung and multiple broken bones.
India's Navdeep Singh claimed gold medal in a dramatic men's javelin throw F41 final while Simran won the bronze medal in the women's 200m T12 final at the Paralympic Games in Paris on Saturday.
American Masai Russell won the Olympic 100 metres hurdles title in a blanket finish on Saturday.
Batters take power-hitting to another level in the IPL, but the "bowlers will have their day" if they focus on staying aggressive without compromising accuracy, says Mumbai Indians' star seamer Trent Boult.
The torches that will carry the Olympic flame for the 2026 Winter Games and Paralympics were unveiled on Monday in Milan and at a parallel event in the Italian pavilion at Expo 2025 in the Japanese city of Osaka.
India's gold and silver imports from its free trade agreement (FTA) partner UAE have skyrocketed 210 per cent to $10.7 billion in 2023-24 and there is a need to potentially revise the concessional customs duty rates under the pact to mitigate the arbitrage driving this surge, a report said on Monday. Economic think tank Global Trade Research Initiative (GTRI) said this sharp rise in gold and silver imports is primarily driven by import duty concessions granted by India to the UAE under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
Algeria's Imane Khelif, a silver medallist at the 2022 World Championships, and Taiwanese boxer Lin Yu-ting have been in the spotlight at the Paris Games amid a gender dispute that has dominated headlines.
India's exports declined for the fourth month in a row in February to $36.91 billion due to volatility in petroleum prices and global uncertainties. The country's exports stood at $41.41 billion in the same month a year ago.
Jessica von Bredow-Werndl successfully defended her Olympic title in the individual dressage on Sunday ahead of fellow German Isabell Werth in a stunning repeat of the result in Tokyo in 2021
Here is a list of Q & As to explain these issues and implications of the US move.
Botswana declares half-day holiday to mark first Olympic gold
Sachin Sarjerao Khilari defended his gold medal in the men's shot put F46 category with an Asian record at the World Para Athletics Championship.
Senior officials of India and the US will begin three-day talks on the proposed bilateral trade agreement in New Delhi on Wednesday amid threats of reciprocal tariffs from the Trump-administration, an official said. To formally start the negotiations on the pact, Assistant US Trade Representative for South and Central Asia Brendan Lynch, along with a team of officials, is in New Delhi.
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