India needs to sustain a GDP growth rate of 8 per cent to become a five trillion dollar economy by 2025, the Economic Survey has stated.
The Union Cabinet on Wednesday approved the signing of a comprehensive economic cooperation agreement, a kind of a free trade pact, between India and Mauritius which is aimed at liberalising norms to boost two-way commerce
Ancient ashtadhatu idols of Lord Rama, Hanuman along with idols made of gold and silver of other deities worth crores of rupees were stolen by thieves from the Raghunathji temple at Sultanpur in RupiPalace at Kullu, police said on Tuesday.
Marriage season will end in the next two months and import growth is likely to taper off
BSE proposes two models for making gold trading and investment transparent
The senior Congress leader was in New Delhi to campaign in Maharashtra Assembly polls.
Round-tipping creates the opportunity for exporters to source funds at a much cheaper cost, which they divert to some other business.
The three hour long meeting was attended by Secretaries of departments of Revenue, Expenditure, Financial services and Disinvestment.
While the gold policy covers every aspect, from sourcing gold to trading and investing in it, experts assert that the policy is incomplete if mining of gold in India isn't promoted.
Many offer personalised ornaments with 3D printed images and engraved names to lure customers in a scenario of high gold prices.
The free trade agreement (FTA) talks with India are no longer working towards a Diwali deadline though negotiations are progressing well, UK Trade Secretary Kemi Badenoch has said as New Delhi expressed confidence on Friday of an "early date" for a mutually beneficial deal. "There are ongoing negotiations as we know on the FTA. There is interest on both sides to see if we can work towards a deal, an FTA, that is beneficial to both the countries at an early date," external affairs ministry spokesperson Arindam Bagchi told reporters in New Delhi. It came as External Affairs Minister S Jaishankar spoke to his UK counterpart, James Cleverly, and referenced the Roadmap 2030 bilateral agreement signed between Prime Minister Narendra Modi and former UK PM Boris Johnson in May last year, with no specific reference to the FTA.
Gold was among the least bruised by Monday's selloff, dropping half a percent versus a 6 percent slide in Brent crude and a 2 percent decline in copper.
The correlation between crop yield and expenditure on gold is positive.
Markets ended in red; index heavyweight under pressure.
Silver also fell further by Rs 150 to Rs 34,200 per kg.
Official sources say that the finance ministry is aware of the possible spike in smuggling activity and has already asked intelligence agencies to tighten their vigilance and come down on the unofficial entry of gold into India.
Silver, platinum and palladium all declined.
Even if the GST rate is 18-20 per cent, there would be no average impact on inflation.
The commerce ministry has called a meeting on Monday to discuss tighter norms amid reports of increased round-tripping of gold
Derivatives exchange DGCX started trading futures for the S&P BSE Sensex
Finance Minister P Chidambaram on said that financing current account deficit (CAD) year after year is a challenge and the only way to deal with the problem is by increasing exports.
'If unchecked, by 2017, the global volume of discarded e-waste will weigh almost equivalent to 200 Empire State buildings.'
Confidence had ebbed in the last few years due to default by some errant domestic retailers and exporters. Moreover, many jewellers are believed to have diverted the fund collected through monthly deposit schemes to pay 'mark-to-market' margins on various loans.
Indian gold demand seen falling to 8-year low in festive quarter.
Markets end in red; bluechips struggle to keep pace.
Fashion and style were celebrated at the 2022 Met Gala with celebs walking the red carpet in their fanciest looks.
India's jewellery consumption in Sept quarter increases 5% to 193 tonnes.
For easy and wide access, the government plans to market the bond through post offices and various brokers.
The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
While the surcharge on super-rich would help garner additional income of around Rs 12,000 crore this fiscal on the direct tax side.
Gold prices are already moving fast to the key level of Rs 30,000 per 10 gms
While an import duty is ruled out, a small excise duty on jewellery manufacturing can be on the cards.
Any revision in gold import duty is unlikely to take place before the Budget, says finance ministry official.
Metallic mania, sexy sheer, volume sleeves and more...
Prime Minister Narendra Modi launched a scheme to tap a pool of over 20,000 tonnes of gold held by households and temples.
Gold demand in rural India is expected to be lower this year with weak monsoon affecting household savings, according to the World Gold Council (WGC).
Others taxed at 5, 12, 18, 28%
Union Budget 2014-15 is positive for metals and mining companies.
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