Gold, the safest haven amid the ongoing uncertainty, also emerged as one of the most lucrative investment options in financial year 2022-23 with an impressive return of 16.1 per cent in rupee terms, and 2.3 per cent returns in dollars. And, had it not been for the very high inflow of smuggled gold and the huge discount prevailing in the market due to high prices, the returns in gold would have been much higher, analysts said. The precious metal has consistently been delivering positive returns in India since 2016.
In four years, the state has had to battle cyclones, two floods, and two epidemiological disasters. If people bring Pinarayi Vijayan back to power, he must have done something right, obsevers Aditi Phadnis.
CAD touched a historic high of $88 billion in 2012-13.
Congress MLA Sukhpal Singh Khaira was arrested by the Punjab Police in connection with a 2015 drugs case on Thursday morning, official sources said.
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.
Gold import this financial year is estimated at 945 tonnes.
Moving the resolution, Chief Minister Pinarayi Vijayan said the Centre should re-examine its decision and the operation and management of the airportbe handed over to the Special Purpose Vehicle in which the state government has stake.
The humiliating rebuff given to the power brokers in Delhi in Kerala's local body election carries a big message: Malayalis thoroughly disapprove of the Modi government's shenanigans to misuse central agencies to destabilise a genuinely popular state government, notes M K Bhadrakumar.
The scheme, touted as a panacea to burgeoning CAD, was a huge flop that fostered a spike in smuggling and allowed several Gitanjali-like players to make a killing
While the CPI-M in a statement after the secretariat on Friday maintained that Balakrishnan, who is also a Polit Bureau member, had sought leave for further treatment which had been accepted, the leader of opposition in the state assembly Ramesh Chennithala dubbed the move as a delayed dawning of wisdom.
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Gold prices have eased off in recent months after the formation of a new government bringing in positive sentiment back to the stock market.
'Our views are different on fundamental matters right from the question of citizenship, all the way up to what the character of the Government should be, how a democracy should function and whether investigation agencies should be allowed to function independently.'
'During Amit Shah's recent visit to Kerala, the strategy of concentrating the attacks on the CM on false charges was clear enough.'
The Bharatiya Janata Party lined up several promises, including a legislation to protect traditions of the Ayyappa temple at Sabarimala and a law against "love jihad", while assuring employment for at least one person from each family and free laptops to high school students, in its manifesto for the assembly polls unveiled in Thiruvananthapuram on Wednesday.
Over three kg of gold, worth Rs 91 lakh, was seized on Sunday in two separate cases at Chennai and Kochi airports.
Theft of gold from five packets had been reported to the police on January 16, 20, April 30.
Gold imports, which peaked at 162 tonnes in May, came down to 19.3 tonnes in November.
The PFI, formed in 2006 in Kerala and headquartered in Delhi, called the raids a gimmick and an attempt to divert attention from the farmers' issue.
However, some experts, including RBI Governor Raghuram Rajan, have favoured doing away with curbs on gold imports because they lead to smuggling.
Govt clamps have resulted in 93% decline in April-November
In a Facebook post, Jaleel himself confirmed that he had put in his papers. "I am happy to say that those who had been baying for my blood can be relieved for now. I have submitted my resignation to the chief minister. Since the past two years, I have been facing a media onslaught," Jaleel, second minister in the LDF ministry to resign on nepotism charges, said in the post.
Widening of the tax base, doing away with cess and surcharge, improvement in compliance and moderation in tax for emerging sectors are some of the suggestions submitted to the Finance Ministry ahead of the Budget by Think Change Forum (TCF). Experts are of the opinion that there is a need to grow tax revenues for the government to drive economic growth and make investments in developmental activities, TCF, the think tank said in a statement. Towards this end, poor compliance was identified as a weak link in achieving targeted collections leading to complex issues like overtaxing, complicated tax structures, rising litigation, among others.
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.
If Kerala wants to sustain its room for independent thinking and talk back to Delhi when needed, it should put its finances in order. Or - if one takes the North East example - Kerala's political posturing may end up commensurate with its financial dependence on others, suggests Shyam G Menon.
The Modi government's decision to demonetise Rs 500 and Rs 1,000 banknotes will drive up interest in the bullion market
'The entire idea behind the serial bomb blasts was to strike fear in the minds of Indians.' 'I don't think the blasts were targeted to derail the Indian economy; the idea behind the blasts was retribution.'
'India has about 22,000 tonnes of private gold, held by individuals and temples.' 'Much of this is locked up in safes and vaults as a dead investment. If we can put the vast reserves of gold to use, it would boost the economy,' says V P Nandakumar, executive chairman, Manappuram Finance, India's first listed gold loan company.
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).
CBI officer V K Shukla, who is probing the death of Jharkhand Judge Uttam Anand, is among 15 officers of the agency awarded the 'Union Home Minister's Medal for Excellence in Investigation' for the year 2021, officials said Thursday.
A Russian court on Tuesday dismissed US WNBA basketball star Brittney Griner's appeal against a nine-year sentence for possessing and smuggling vape cartridges containing cannabis oil, paving the way for her to be sent to a penal colony, in a court case that Washington has called "sham".
'The BJP will not be able to create dictatorship of the kind it is perhaps dreaming of.' 'We have Bengal as the biggest example.'
Ahead of the 2022 assembly elections, Churchill Alemao 'merged' the NCP with the TMC. The 'merger' took place when Mamata Banerjee was in Mumbai talking to NCP supreme leader Sharad Pawar on how to forge Opposition unity!
He has been removed from the high-profile post on the charges of corruption and dereliction of duty making him the first chief in the history of the agency to face such action.
If one drops the book-versus-series chatter, is Sacred Games watchable? Very much so, promises Vanita Kohli-Khandekar.
Smuggling and crime are everyday instances. The 70,000 people in villages along the border make the going tough for the BSF. Neelabh Srivastava reports
Water is going to be a central part of the government's 2024 election campaign. And Gajendra Singh Shekhawat's work will be crucial for it.
The department will impose a penalty, which could be between 30 per cent and 120 per cent.
More than 750 constituencies spread across four states and one union territory will go to the polls on Tuesday
Aseem Chhabra lists his favourite Indian films of 2021.
The ED has received documents from almost all banks that lent money to KFA.
