Only 21 tonnes of gold have been mobilised in the last eight years under the gold monetisation scheme (GMS) which was announced by the Government of India in November 2015. This could be considered as a failure as the scheme has undergone several changes with a revamped GMS announced in April 2021 to improve collections. This figure was released by the World Gold Council (WGC) on Wednesday in its report titled 'Gold Investment Market and Financialisation, in India gold market series'.
The reasons are too private to be discussed at a round table, listed out during a seminar, or uncovered in an academic course. A proud but insomniac connoisseur murmuring in his sleep may do a better job of explaining the phenomenon than an expert on a podium. Sreehari Nair airs his thoughts.
The three women, because of their names and position, would get the eyeballs anyway, but if they do not rise above the superficial, it would be a wasted opportunity to reach out to and inspire women in particular, observes Deepa Gahlot.
Cricketer Yusuf Pathan will contest from the Baharampur Lok Sabha seat, whereas Kirti Aazd will fight from the Bardhaman-Durgapur constituency.
Titan's October-December quarter (Q3) business update claims 22-23 per cent revenue growth in the standalone jewellery sales (excluding bullion sales), implying a 4-year compound annual growth rate (CAGR) of 21.3 per cent. Store additions also looked healthy, with 21 new Tanishq stores opened in Q3, taking the total count to 466 (+43 in 9 months of FY24) including two in the US and one in Singapore. Titan added 90 stores in Q3, pushing its total retail outlets to 2,949 (including CaratLane).
'Bazball' has changed the dynamics of England's batting approach in Test cricket and their Kiwi coach Brendon McCullum is very clear that irrespective of outcome, his team won't deviate from its aggressive tactics against India in the five-Test series, where most tracks will offer substantial turn.
Leaders of the West Bengal Congress unit, which has an alliance with the CPI-M-led Left Front in the state, were seen welcoming the Left leaders.
'I received many threatening calls and letters.' 'A fatwa was issued against me.'
The argument that India is going towards a 'Hindu rate of growth' is "ill-conceived, biased and pre-mature" when weighed against the respective data on savings and investments, said SBI Research in its Ecowrap report. The term Hindu rate of growth was coined by economist Raj Krishna in 1978, which denoted the economic growth of about 3.5-4.0 per cent in terms of GDP during 1947-1980. "India's quarterly sequential Y-o-Y GDP growth has been in a declining trend in FY23.
"Have you heard him singing Rinkiya ke papa," Kejriwal talked about Delhi BJP chief Manoj Tiwari.
The price of bitcoin, the bestselling cryptocurrency, has shrunk nearly three times this year to mark the fate of such digital assets. Crashing prices, regulatory uncertainty and taxes have put Indian crypto exchanges in troubled waters. Finance Minister Nirmala Sitharaman's budget for FY23 announced a 30 per cent tax on any income from the transfer of virtual digital assets.
According to insiders, their lack of enthusiasm is showing on the ground. There is nothing to suggest that their enthusiasm will return in the final four phases of polling, observes N Sathiya Moorthy.
While all eyes were on the intense battle between Alcaraz and Djokovic, the presence of celebrities added a touch of glamour to the occasion.
The Bharat Ratna for him comes nine years after the honour was bestowed on former prime minister Atal Bihari Vajpayee. The two leaders together spearheaded the journey of the Jana Sangh and then the BJP for over five decades.
Assuming we still have a Modi-led majority government after May 2024, there is no guarantee that reforms will move at anything more than a snail's pace, though we must be thankful even for that, notes R Jagannathan.
Who do you think should be part of India's playing XI for the fourth Test against England?
The collapse of Silvergate Bank, Silicon Valley Bank (SVB) and Signature Bank in the US might create temporary liquidity issues but will not have any significant impact on the Indian crypto market in the long run, officials from several exchanges told Business Standard. All three banks are considered crypto-friendly. SVB offered services such as cryptocurrency custody and lending.
To understand Modi, listen to what he does not say -- vide NRC, suggests Prem Panicker.
The Supreme Court judgment on the legality of same-sex marriage elicited mixed responses from LGBTQ activists, with one section hailing parts of the Constitution Bench's order, while others expressing dissatisfaction as it did not legalise same-gender weddings.
With an 11% return in 2022, gold was the best-performing asset class, beating equities, debt, real estate etc, by a considerable margin. Rishi Piparaiya explains why gold needs to be a part of our investment portfolio.
People taken into custody for economic offences should not be handcuffed and clubbed with those arrested for heinous crimes such as rape and murder, a parliamentary committee has recommended.
'The group commands 85 per cent of the global GDP, and if you are able to convey your point of view effectively to this group then you have reached more or less all the important players that matter.'
He said the marriage is a matter of personal liberty and bringing a law to curb it is completely unconstitutional, he said.
BollyCoin aims to house Bollywood's most iconic movie dialogues, clips, and posters, etc, starting with NFTs of the Dabangg franchise.
His Brazilian fans loved him for his idiosyncratic personality and unapologetic nationalism. He liked to say he was born with victory at his side and was rarely shy to challenge those who said his teams were too defensive.
Twitter has replaced its recognisable bird logo with the letter 'X' as its new official mark marking the latest major shift since Elon Musk's takeover of the social media platform.
Lashing out at both the opposition and ruling fronts led by the Congress and the Bharatiya Janata Party, the All India Majlis-e-Ittehadul Muslimeen MP Asaduddin Owaisi on Thursday said that neither dukandar nor chowkidar opens their mouths when Muslims are oppressed.
Misfiring Indian bowlers in focus as India seek series-levelling win over SA in third T20I
Selectors name the Test squad on Thursday but will have to rely on their gut rather than hard numbers
The Bharat Nyay Yatra will be mostly covered by bus along with short stretches of walking.
A spoked copper wheel of the Kushana era, an arrowhead of Rajput period and coins dating from the Mughal reign are among a range of ancient artefacts unearthed in the latest excavation currently underway at the Purana Qila site in Delhi, a top official of the Archaeological Survey of India said on Tuesday.
The Centre has recovered around Rs 95.86 crore from at least 11 crypto exchanges for evading goods and services tax (GST), according to data released by Parliament on Monday. The amount includes interest and penalty. The GST investigation department has detected a total tax evasion of Rs 81.54 crore by crypto exchanges that include WazirX, Coin DCX, CoinSwitch Kuber, Buy Ucoin, UnoCoin and Flitpay, among other exchanges. In a written reply to Lok Sabha, minister of state (MoS) for finance Pankaj Chaudhary said 11 cases of GST evasion by cryptocurrency exchanges have been detected by central GST formations.
If the idea was to garner AIADMK votes with or without the three faction leaders after the party broke ties with the NDA, it may not work after all, observes N Sathiya Moorthy.
Also performing will be Arjit Singh and Tamannah Bhatia.
Investors may take a 5 to 10 per cent exposure to silver. 'Have a long-term investment horizon when investing in silver ETFs to ride out short-term market fluctuations.'
The Reserve Bank on Wednesday hiked key benchmark policy rate by 25 basis points to 6.5 per cent, citing sticky core inflation. This is the sixth time interest rate has been hiked by the Reserve Bank of India (RBI) since May last year, taking the total quantum of hike to 250 basis points. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) by a majority decided to raise the policy repo rate by 25 basis points and keep a 'strong vigil' on inflation outlook.
Heinrich Klaasen, who smashed a 67-ball 109 in the victory over England, South Africa have made a strong statement ahead of fixtures against New Zealand and India in the ICC World Cup.
She has shown shrewdness, sensitivity, and courage. All of these will be needed in ample quantities for the real challenge that will emerge after the elections, notes Shreekant Sambrani.
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Narendra Modi has proved through execution of this event in Ayodhya that amongst all his contemporaries in politics he knows ordinary Indians like none other, notes Sheela Bhatt.
