News for 'gold smuggling'

Kerala to set up drone research lab

Kerala to set up drone research lab

Rediff.com2 Jul 2021

The Kerala police chief said the state police would also consider collaborating with the Union government in the research sector to address the security threats posed by drones.

In a first, BSF installs beehives on India-Bangladesh fence to check crimes

In a first, BSF installs beehives on India-Bangladesh fence to check crimes

Rediff.com5 Nov 2023

The Ayush ministry has been roped in by the BSF for the project. The ministry has provided the border-guarding force with the beehives and required expertise to fix those on the alloy-made "smart fence".

Bambai Meri Jaan Review: Gansgter Gush

Bambai Meri Jaan Review: Gansgter Gush

Rediff.com14 Sep 2023

Bambai Meri Jaan features horrific massacres and violence so brutal that it ought not to be seen on a home entertainment platform, warns Deepa Gahlot..

Don't think import duty for gold is high: C Rangarajan

Don't think import duty for gold is high: C Rangarajan

Rediff.com10 Mar 2014

In an interview to Business Standard, Rangarajan says CAD will be brought under control at around two per cent of the gross domestic product.

Congo smuggling case: General to probe IPKF's role

Congo smuggling case: General to probe IPKF's role

Rediff.com13 Sep 2007

The episode came to light in July when certain human rights bodies alleged that UN peacekeepers stationed in Congo's North Kivu province near the Rwandan border were indulging in trafficking of gold.

Crew Review: Enjoyable!

Crew Review: Enjoyable!

Rediff.com29 Mar 2024

You do get your money's worth simply watching these girls do what they are best at: Entertainment, feels Divya Nair.

Kerala 2021: Advantage Pinarayi Vijayan

Kerala 2021: Advantage Pinarayi Vijayan

Rediff.com15 Mar 2021

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.

Gold may hit Rs 40,000 per 10 gm by the end of 2019

Gold may hit Rs 40,000 per 10 gm by the end of 2019

Rediff.com8 Aug 2019

Smuggled gold, which is selling sharply lower than the spot market price, is also responsible for discounts not ending. Some consumers are selling high amounts of gold.

Gold traders urged to curb sale of coins

Gold traders urged to curb sale of coins

Rediff.com19 Nov 2014

Sales of gold coins and bars should be curbed after reaching around 300 tonnes

The sad business of smuggling red sanders wood

The sad business of smuggling red sanders wood

Rediff.com18 Aug 2014

The illegal trade in red sanders wood, which sells for up to Rs 80 lakh a tonne in some Asian countries, involves a complex nexus of smugglers and impoverished woodcutters.

Why official gold supply is drying up further

Why official gold supply is drying up further

Rediff.com17 Apr 2014

Hawala premium crosses 4 per cent%, as Akshay Tritiya boosts demand; spot delivery premium also doubles.

'His eyes reach every person in the state'

'His eyes reach every person in the state'

Rediff.com25 Mar 2021

'If Pinarayi Vijayan gets another term, Kerala will be a state where everybody has a house.'

Gold imports drop 76% in April-July this year

Gold imports drop 76% in April-July this year

Rediff.com12 Aug 2016

Imports are down also because local traders are clearing unaccounted stock after introduction of 1 per cent excise duty

Gold imports halve in Jan-Jun

Gold imports halve in Jan-Jun

Rediff.com12 Jul 2016

March was the worst month for gold imports because of a strike by jewellers over the imposition of an excise duty.

Sharp tax cuts on gold among steps mooted by NITI panel

Sharp tax cuts on gold among steps mooted by NITI panel

Rediff.com4 Mar 2018

While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which amounts to over 13%.

Global gold demand hits 11-yr low; India's demand down 35%

Global gold demand hits 11-yr low; India's demand down 35%

Rediff.com28 Jan 2021

Global gold demand hit an 11-year low in 2020 at 3,759.6 tonnes, mainly due to a weak October-December quarter and the COVID-19 related disruptions across the world driving a muted consumer sentiment throughout the year, the World Gold Council (WGC) said in a report. The overall consumer demand during 2019 was at 4,386.4 tonnes, while in 2009 the overall demand was at 3,385.8 tonnes, according the WGC's 2020 Gold Demand Trends report. Global gold demand dropped by 28 per cent year-on-year (YoY) to 783.4 tonnes in the fourth quarter compared to 1,082.9 tonnes during the October-December period of 2019, the report stated.

Gold import curbs to boost grey market in India

Gold import curbs to boost grey market in India

Rediff.com20 Jun 2013

The recent restrictions on gold imports will encourage smuggling and grey markets activities in the country.

Gold-hungry traders tap Indians living abroad

Gold-hungry traders tap Indians living abroad

Rediff.com25 Dec 2013

Non-resident Indians are bringing gold into the country by taking advantage of rules that allow each individual to carry 1 kg of the metal, helping traders cope with restrictions on imports during the peak wedding season.

Modi's rule to curb unofficial gold trade backfires

Modi's rule to curb unofficial gold trade backfires

Rediff.com2 Feb 2016

India made it mandatory for customers to disclose their tax code, or Permanent Account Number (PAN), for purchases above Rs 200,000.

Gems Export Council seeks duty cut on gold to 2%

Gems Export Council seeks duty cut on gold to 2%

Rediff.com18 Jun 2014

In august last year, the government had raised import duty on gold and silver to 10 per cent to curb the surging imports and burgeoning CAD.

As prices hit 7-year-high, Indians sell record amount of old gold

As prices hit 7-year-high, Indians sell record amount of old gold

Rediff.com2 Aug 2019

Consumers during the quarter sold 37.9 tonnes of old gold, which is the highest quarterly sale after September 2016, when old gold sale, or scrap supply, was 39 tonnes.

AAP, Cong spar over Punjab MLA's arrest in 2015 case

AAP, Cong spar over Punjab MLA's arrest in 2015 case

Rediff.com28 Sep 2023

Congress MLA Sukhpal Singh Khaira was arrested by the Punjab Police in connection with a 2015 drugs case on Thursday morning, official sources said.

Gold worth Rs 91 lakh seized at Chennai, Kochi airports

Gold worth Rs 91 lakh seized at Chennai, Kochi airports

Rediff.com12 Apr 2015

Over three kg of gold, worth Rs 91 lakh, was seized on Sunday in two separate cases at Chennai and Kochi airports.

Decision on gold import curbs only after final CAD figures: FM

Decision on gold import curbs only after final CAD figures: FM

Rediff.com5 Mar 2014

Gold imports, which peaked at 162 tonnes in May, came down to 19.3 tonnes in November.

FM wants curbs on gold import to continue

FM wants curbs on gold import to continue

Rediff.com30 Dec 2013

However, some experts, including RBI Governor Raghuram Rajan, have favoured doing away with curbs on gold imports because they lead to smuggling.

Budget 2023: What tax experts want from Sitharaman

Budget 2023: What tax experts want from Sitharaman

Rediff.com22 Dec 2022

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.

4 decades and still shining: How India's romance with gold peaked

4 decades and still shining: How India's romance with gold peaked

Rediff.com22 Sep 2014

Despite the recent imposition of import rule and high duties, the yellow metal continues to attract buyers.

LDF sweeps Kerala civic polls; BJP betters its 2015 show

LDF sweeps Kerala civic polls; BJP betters its 2015 show

Rediff.com16 Dec 2020

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 may become costlier by Rs 700 per 10 gm

Gold may become costlier by Rs 700 per 10 gm

Rediff.com21 Jan 2013

Gold prices are likely to rise by up to Rs 700 per 10 gram in the short term with tapered demand following the government decision to hike import duty on the precious metal, according to jewellers and analysts.

Govt reduces tariff value on gold, silver

Govt reduces tariff value on gold, silver

Rediff.com29 Aug 2014

The government on Friday reduced the import tariff value on gold and silver to $420 per 10 grams and $645 per kg, respectively, taking cues from firm global prices.

Gold jewellery import dips

Gold jewellery import dips

Rediff.com31 Dec 2013

Govt clamps have resulted in 93% decline in April-November

Duty raise to see gold imports dip 20%

Duty raise to see gold imports dip 20%

Rediff.com7 Jun 2013

Levy in India one of the highest in the world; finance minister urges banks to tell customers not to invest in the metal.

Why we need to have a liberal approach towards gold

Why we need to have a liberal approach towards gold

Rediff.com18 May 2015

The government has retained 10% duty on import of the yellow metal.

How much gold does Reserve Bank hold in India?

How much gold does Reserve Bank hold in India?

Rediff.com3 Mar 2008

In the wake of the Chinese war, it was felt in some circles that it would be feasible to make a frontal attack on demand for gold in India. Accordingly, the Gold Control Order 1962 was issued, banning the making and selling of jewellery above 14 carats, making it compulsory for gold smiths to be licensed and submit accounts of all gold received and utilized by them etc., The measures met with lot of resistance and criticism.

Gold jewellery exports likely to dip by 50% in FY14

Gold jewellery exports likely to dip by 50% in FY14

Rediff.com28 Nov 2013

Gold jewellery exports may decline by about 50 per cent in this financial year from last year after government restrictions reduced the availability of raw material, Gitanjali Gems Chairman and Managing Director Mehul Choksi said.

India's gold imports slump in December

India's gold imports slump in December

Rediff.com7 Jan 2015

Providing relief to the economy from widening trade deficit on account of gold imports, the inward shipments of the metal slumped in December to 39 tonnes, Commerce Secretary Rajeev Kher said on Wednesday.

Griner finally released from Russian detention

Griner finally released from Russian detention

Rediff.com9 Dec 2022

Staley watched Griner grow from a first-overall WNBA draft pick in 2013 to one of the dominant forces in the league and an American superstar who collected two World Cup golds on top of her Olympic titles.

'They wanted to strike terror in India'

'They wanted to strike terror in India'

Rediff.com11 Mar 2023

'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.'

Kerala passes unanimous resolution against leasing of airport

Kerala passes unanimous resolution against leasing of airport

Rediff.com24 Aug 2020

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.

Gold worth crores of rupees missing from customs secure vaults

Gold worth crores of rupees missing from customs secure vaults

Rediff.com16 Sep 2015

Theft of gold from five packets had been reported to the police on January 16, 20, April 30.