India has 20,000 tonnes of idle gold; gold is an important aspect of women empowerment: PM.
Movements in gold prices will depend on the US' interest rates.
Risk-averse investors can hold up to 10 per cent of their portfolio in gold, while aggressive ones can keep five per cent.
Faced with one setback after another in expanding the scope of mining in the country, almost all the major miners of the world have wound down their operations in India.
Disproportionate assets of Kamaraj stood at Rs 58.44 crore and he has been booked for criminal conspiracy and offences under the Prevention of Corruption Act, according to the FIR.
Summary of sports events and persons who made news on Wednesday
Six years after the rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer. To apprehend black sheep, who operate as syndicates and create fake entities on the basis of forged documents to claim input tax credit (ITC), tax officers have started using data analytics, artifical intelligence and machine learning aiming to curb evasion, which was over Rs 3 lakh crore since inception of GST. It was over Rs 1 lakh crore in 2022-23. Thinktank Global Trade Research Initiative (GTRI) said the most critical pending GST reform is upgradation of GST Network to prevent fake supplies and fraudulent claims of Input Tax Credit (ITC).
The fall in exports is a product of poor policy from the RBI and laziness from the Centre.
We have our own problems for sure and they are not trivial, but for now, our economy is in not too bad a shape, our politics is as personality-driven and authoritarian as that of most countries in the world. We must make the best of what we have and not be excessively unhappy looking at the grass on the other side of the septic tank which may not be greener after all!, observes Shreekant Sambrani.
After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts. Expectations of positive growth in the country's exports are also backed up by the outlook of the World Trade Organisation (WTO) which predicts a 4.7 per cent expansion in the global merchandise trade volume in 2022. Exporters believe that the outbound shipments would cross $400 billion mark in this fiscal going by the current momentum and may reach $475 billion in 2022-23.
Modi said that the JD-S was going to finish a "poor, distant third".
There was ecstasy and agony in equal measure for the Indian contingent on Friday.
The sheer diversity of medal winners was a heartwarming aspect of the Games for India. There were medals from squash, although not gold, there were nine medals from boxing, 12 from wrestling, 16 from shooting and nine from weightlifting.
In Kerala, the use of black ranges from such convenience to strictures by community and religion to fashion and personal choice. One would have to be really insecure or too fond of the well settled life to see black solely as a badge of protest, points out Shyam G Menon.
But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
'But will there be matching action as far as tribals are concerned on the ground?'
Finance Minister Nirmala Sitharaman presented her third Budget on February 1.
The names of AFI's Chief Mefical Officer Arun Mendiratta and national chief coach Bahadur Singh, who has not gone to Gold Coast, are being considered for the panel.
The Reserve Bank of India on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy faces heat of the second Covid wave.
Prime Minister Narendra Modi on Thursday attacked the Congress and its erstwhile government in Puducherry, saying the V Narayanasamy led dispensation had 'different priorities' than public welfare and flayed party leader Rahul Gandhi over his recent 'north-south' remarks.
Devangshu Datta predicts the good, the bad and the ugly of currency trends for the coming year.
'According to the government's Economic Survey, the Indian state's generosity is not restricted to its poorest citizens. In fact, in many cases, the beneficiaries are disproportionately the well-off.'
If your resume does not shine your strengths, passion and dedication, you will never cut through the competition to make it to the top, notes Sarita Digumarti, chief learning officer, UNext Learning.
'By the time actual action began, it was already too late.' 'The virus was raging.'
Around 52.46 per cent of the patients have recovered, the health ministry said. The number of active cases stood at 1,53,178 while 1,80,012 patients have recovered, it said in the daily COVID-19 update.
It is not the job of regulators to ensure that users make profits. It is not the job of regulators to prevent people from making losses. It is not the job of regulators to prevent people from doing stupid things, argues Ajay Shah.
Jewelers also want import duty on gold to be reduced from the current 10 per cent to at least 5 per cent.
The going is not going to be easy for the DMK and its allies in Elections 2024. Despite the seats sweepstake in the 2021 assembly polls, the vote-share difference of 5.6% (DMK's 45.38% versus AIADMK-BJP's 39.72%) is not insurmountable on a bad day, points out N Sathiya Moorthy.
Hima Das shattered the 400m national record for a second time in two days for a silver while Dutee Chand grabbed the second place in 100m dash on another good day for India's track and field athletes at the Asian Games.
Banks now ride on what is defined as a "banking outlet". This is a fixed-point service unit, manned by either the bank's staff or its business correspondent (BC), where all kinds of services - acceptance of deposits, encashment of cheques, cash withdrawal or lending of money - are provided for a minimum of four hours per day, for at least five days a week. Banks are now turning to reposition the manner in which they acquire customers, report Abhijit Lele and Raghu Mohan.
The LDF was also leading in 10 out of the 14 district panchayats and 108 block panchayats of the total of 152, according to the State Election Commission figures.
India, the world's largest diamond cutting and polishing centre, exported gems and jewellery worth $9.1 billion in the past year ended March 31, up 21 per cent from the previous year, a leading trade body said on Thursday.
The International Association of Athletics Federations (IAAF) chief Sebastian Coe empathises with the plight of Indian sprinter Dutee Chand, whose career has been hit by the controversial 'gender testing' issue, but insists it needs to create a "level-playing field" for all athletes.
A summary of sports events and sports persons, who made news on Friday
he government is examining a plan of bank recapitalisation and considering an urban version of MNREGS.
After the April-July fiscal deficit data was released on August 31, several analysts hinted that the government may need to go for cuts in capital expenditure to meet the fiscal deficit target.
Summary of sports events and persons who made news on Friday
The politicisation of ethnic sentiments in the state has coincided with the ascent of the BJP and increased activities of far right Hindu outfits, which organised rallies and other events on religious occasions such as Ram Navami a festival not very popular in West Bengal- unlike states in north India.
BSE Mid-cap and BSE Small-cap lost 2.5% and 3.1% after oil prices soared
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