Gems and Jewellery Export Promotion Council (GJEPC) has urged the government to reduce import duty on gold to 4 per cent from 7.5 per cent and a special package for the sector in the forthcoming Budget to boost shipments. As part of its pre-Budget recommendations, the council has also suggested a reduction in the import duty on cut and polished diamonds; cut and polished precious and semi-precious gemstones from 7.5 per cent to 2.5 per cent. "If (gold) imported at 4 per cent duty rate....working capital amounting to Rs 225 crore would be blocked instead of Rs 500 crore," the council said in a statement.
Drinks perfect for a hot summer day.
The death of Britain's longest-reigning monarch, Queen Elizabeth II, reignited the demand in India to bring back the Kohinoor.
As Sanya Malhotra prepares to play a cop investigating the curious case of two missing jackfruits in the quirky new Netflix offering Kathal, here's a list of all her performances so far.
Banks enjoyed an expansion in Net Interest Margins (or NIMs) as well as in credit demand through the 2022-23 financial year (FY23). The credit expansion was because economic growth continued to recover from the Covid-19 years, and indeed, second half GDP growth surprised on the upside. The NIM expansion was because banks raised lending rates immediately (in many cases automatically due to floaters) as the Reserve Bank of India (RBI) hiked policy rates, and only started raising deposit rates late into the fiscal.
'We lost the brightest shining star in our constellation. You made us laugh till we cried.'
Exports declined for the fourth-consecutive month by 10.3 per cent year-on-year to $34.98 billion in May, while the trade deficit widened to a five-month high of $22.12 billion. According to the data released by the commerce ministry on Thursday, key export sectors recording negative growth include petroleum products, gems and jewellery, engineering goods, ready-made garments of all textiles and chemicals. Imports also declined 6.6 per cent, six-month in a row, to $57.1 billion against $61.13 billion in the same month last year, the data showed.
Priyanka's thrilled... Pooja's nostalgic... Vaani's indulging...
The ED has filed a fresh chargesheet against absconding jeweller Mehul Choksi, his wife Priti and others under the anti-money laundering law in connection with the over Rs 13,000-crore PNB loan fraud case, officials said on Monday. This is the first prosecution complaint filed by the central agency against Choksi's wife Priti Pradyotkumar Kothari. She has been charged by the Enforcement Directorate (ED) with "helping her husband in layering of the proceeds of crime".
None of R D Burman's collaborations was as rewarding and resplendent as with Gulzar, who turns 89 today, August 18, 2023, says Subhash K Jha.
South Indian cinema's biggest superstars rock the show on OTT. Sukanya Verma gives us some recommendations for the week.
The two obvious best choices are to combine OTT viewing time with some good eating, because Joe, Rishi and Co don't have to be the only ones dining well.
Ayushmann Khurrana is ready to repeat the flirtatious woman deed second time around in Dream Girl 2.
Spider-Man: Across The Spider-Verse feels like a lovely celebration of Spider-Man as the superhero we all love, raves Mayur Sanap.
Trent, Tata Global Beverages, Titan Industries and Tata Chemicals may not be big contributors to the Tata kitty, but these are still significant to its growth story.
A yellow glow is likely to stand out amid grey geopolitical clouds in 2023, with gold price projected to touch Rs 60,000 per 10 grams in the Indian market as more investors veer towards safe-haven assets. In a year where volatility was more a norm than an exception, gold prices in the international market oscillated from a peak of $2,070 per ounce in March to a low of $1,616 per ounce in November and is steadily recovering since then, according to market experts. At the beginning of 2022, gold prices were around $1,800 an ounce.
Delhi Capitals will need their under-performing Indian batters to deliver when they take on the mighty and versatile Gujarat Titans in the IPL match in Ahmedabad on Tuesday.
Janhvi meets her fans... Shah Rukh Khan makes a rare airport appearance... Akshay promotes Raksha Bandhan.
'Rather than visiting famous monuments, travellers now prefer "experiential activities" such as biking, trekking/hiking, camping, river rafting, yachting, parasailing and zip lining; safaris and jungle adventures; and wellness holidays to rejuvenate themselves.'
The Jammu and Kashmir Police has initiated the process to procure over 8,000 bullet-resistant (BR) jackets of protection levels 5 and 6 for its personnel involved in counter-terrorism and security operations, official sources said.
The SBSP can impact around 10 Lok Sabha seats and 40 assembly seats in 7-8 districts in Uttar Pradesh, according to poll analysts.
In Sukanya Verma's special series re-visiting great Hindi film classics, we look back at 1960's Parakh, starring Sadhana, Motilal, Nazir Hussain and Durga Khote.
Assets under management of India-dedicated funds have slid 20 per cent in the year to November to $35.2 billion.
Pearls for summer? Of course, say celebs.
Anup Jalota and Pandit Vishwa Mohan Bhatt pay tribute to the late Pandit Shiv Kumar Sharma.
After China imposed a national security law on Hong Kong earlier this month, the United States on July 14 withdrew the special status granted to Hong Kong, and the United Kingdom, Australia, and Canada followed suit.
The country's exports rose by 23.69 per cent to $34.06 billion in January on healthy performance by engineering, petroleum and gems and jewellery segments even as trade deficit widened to $17.94 billion during the month, according to provisional data of the commerce ministry. Imports in January grew by 23.74 per cent to $52.01 billion, the data, released on Tuesday, showed. Trade deficit widened to $17.94 billion during the month as against $14.49 billion in the same month last year.
Exporters on Thursday demanded fiscal incentives, tweaking in customs duties on certain products and credit at affordable rates in the forthcoming Budget to boost exports and create jobs. In a pre-budget virtual meeting with Finance Minister Nirmala Sitharaman, the Federation of Indian Export Organisations (FIEO) said the depreciation of the rupee against the US dollar is affecting exports' competitiveness and the sector requires more support. "Creation of employment is the biggest challenge faced by the country...We would urge the government to provide fiscal support to units which provide additional employment in the export sector," the exporter's body said.
HS Prannoy had almost given up on winning his next title and breaking a six-year long drought before chief national coach Pullela Gopichand instilled in him the belief.
Runaway Premier League leaders Manchester City beat champions Chelsea 1-0 at the Etihad Stadium on Sunday to extend their lead to 18 points and leave the London side further adrift from the Champions League qualification spots.
Investment analyst Ashish Chugh discusses his views on Apollo Sindhoori Capital and JBM Auto.
Shraddha gets the blues... Kajol spends the day with her love... Mini shares her memories...
The str walked the FDCI ramp for designer Varun Bahl.
The film fraternity got together to return their love for him with a special prayer service, where they showed the world just what his contribution to cinema was and what he meant to them.
The alleged scam pertains to the period when Lalu Prasad was the railway minister in the UPA-1 government at the Centre.
India's gold imports, which have a bearing on the country's Current Account Deficit (CAD), rose 6.4 per cent to $12.9 billion during April-July this fiscal due to healthy demand, according to government data. The imports stood at $12 billion during the same period a year ago. In July 2022, however, imports of the precious metal fell sharply by 43.6 per cent to $2.4 billion, as per the latest data released by the commerce ministry.
India's gold imports, which have a bearing on the country's current account deficit (CAD), rose by 33.34 per cent to $46.14 billion during the 2021-22 fiscal on account of higher demand, according to official data. Gold imports were worth $34.62 billion in 2020-21. The surge in gold imports during the last financial year contributed to the widening of the trade deficit to $192.41 billion, against $102.62 billion in 2020-21.
Arsenal's Olivier Giroud produced a piece of New Year's Day magic to keep Arsenal in sight of Premier League leaders Chelsea while Harry Kane's double bolstered Tottenham Hotspur's ambitions as London's triple assault on the title continues.
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