Concern would kick in if imports stay at or over 100 tonnes a month.
Dhanteras' buying seemed to have been sparked by the belief that prices would remain firm
Consumers have to watch out for four marks on hallmarked gold jewellery: BIS mark, purity in carat, assay centre's name and jewellers' identification mark.
The first of its kind, a gem bourse to cater to the needs of the gemstone industry of the Pink City where all the business could be transacted under one roof, would soon become a reality.
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%.
The RBI panel has also recommended a government-sponsored 'fund of funds' of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector.
Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present.
'This is a period of significant uncertainty, of unknown unknowns.'
The government's predicament is a result of its own doing: That of not ensuring adequate buy-in by the stakeholders before passage of the laws, notes Vivek Gumaste.
India and South Africa on Friday agreed to deepen engagement in key areas of defence production, manufacturing, mining and minerals and combating terrorism.
India is perceived to be a powerhouse for investment in coming times.
In another round of economic booster, Sitharaman announced steps to help homebuyers and push exports.
For the first time in the last eight years, India would not have any representative for the post of deputy director general.
Now, India and US can jets, warships can use Indian bases
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.
Indians at large harbour a notion that their country is cherrypicking out of the American basket of goodies, but the policymakers in Delhi and the political leadership are well aware that it can only be a pipe dream since a military alliance with a superpower is a profound irrevocable commitment, observes Ambassador M K Bhadrakumar.
The Vibrant Gujarat is a biennial event organised since 2003 by the Gujarat government to attract investment to the state.
The S&P BSE Midcap and the S&P Smallcap indices rallied over 1% each
The non-viability of green crackers may pave the way for e-crackers.
Modi emphasised on deeper India-Africa partnership on clean energy.
The Council also discussed process to make return filing simpler with just one return to be filed every month.
Hit hard by volatility in yarn prices, 50% of the looms said to be operating only 3-4 days a week.
Move follows Tata Steel decision to sell its loss-making businesses in Britain
Providing relief to the economy from widening trade deficit on account of gold imports, the inward shipments of the metal slumped in December to 39 tonnes, Commerce Secretary Rajeev Kher said on Wednesday.
The government on Friday put on hold the preferential market access (PMA) policy that provided for sourcing of sensitive telecom and electronic equipments and technology from domestic manufacturers over security concerns.
Top Indian industrialist Ratan Tata has returned as a board member of East West Centre, a prominent American think tank.
The government on Saturday made its prior approval mandatory for foreign investments from countries that share land border with India to curb 'opportunistic takeovers' of domestic firms following the COVID-19 pandemic, a move which will restrict Foreign Direct Investment from China.
'... That they should emerge as role-models to be emulated by the fellow countrymen; and that the middle classes should not stick only to hate-filled and scornful criticism and condemnation against the state of affairs,' remembers Mohammad Sajjad.
Financials were the top losers after sharp gains in the previous session along with ITC
In the second half of April, the discount on gold came down to $3 an ounce.
The GDP growth for 2013-14 has been lowered to 5.3%, from 6.4% in April.
Senior officials say the government might come up with an incentive package for the SEZs following the release of Foreign Trade Policy.
In her four-page resignation letter addressed to the prime minister, she said, 'In view of the decision of the government of India to go ahead with the Bill on the issue of marketing of agricultural produce without addressing and removing the apprehensions of farmers and decision of my party, Shiromani Akali Dal, not to be a part of anything that goes against the interest of farmers, I find it impossible to continue to perform my duties as a minister in the union council of ministers.'
'On December 5, the government called unions for pre-Budget consultations.' '12 trade unions were called and the time allotted was one hour which means 5 minutes for each union.' 'We were asked to present our views in about four minutes.' 'That itself is a reflection of how serious the government is about workers' demands.'
A slew of challenges that are yet to be resolved include the lack of consensus between the Centre and states over the GST exemption threshold limit, dual control over scrutiny and assessment
The rupee ended higher for the second consecutive week.
In an interview with Rediff.com Puducherry CM spoke about his plans for the state, Rahul Gandhi and his daily friction with the lieutenant governor.
