Exports of gold jewellery fell 23.13 per cent to $1153 million.
Hence, the claims by the Government that this will end the menace of black money and corruption are simply outlandish. Also, the simultaneous introduction of Rs 2,000 note undermines their claim and it simply does not fit the storyline of an attack on black money and corruption.
The period of assessment of these defaulters range from 1989-90 to 2013-14.
'Going ahead, I think the world trade will slow down or decline, and this will be bad for everybody.'
Dabba trades also allow investors to avoid SEBI registration requirements or the margin requirements set by exchanges.
A fascinating glimpse of the Mughal emperor, courtesy Parvati Sharma's new book Jahangir: An Intimate Portrait Of A Great Mughal.
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The government on Tuesday announced hikes in import duties for gold and silver, but it has yet to unveil other details such as its plan to tax imports of non-essential items.
After hitting a record low of 68.85 to the dollar last week, a Reuters poll suggests the rupee will stabilise at 66 to the dollar by the end of September, while technical charts also point to a period of relative calm.
Armed with deep customer knowledge, low operational overheads, new funding opportunities and help from online marketplaces, the local brand is turning David to every Goliath that steps into its neighbourhood, says T E Narasimhan.
'There is a huge tax differential of 15% to 20% depending on income classification.'
As the Congress party prepares to launch protests against the economic slowdown, Chhattisgarh Chief Minister Bhupesh Baghel tells Archis Mohan that his state has escaped its effects as his government has pursued policies that have put money in the pockets of workers, farmers, housewives and tribals, which has helped spur demand.
He attacked the dispensation over issues such as the state of the economy, the situation in Kashmir, the National Register of Citizens in Assam and action by probe agencies against opposition leaders.
Sale of India's specialty tea varieties from exclusive estates in Assam and Arunachal Pradesh are on the rise in the domestic market, and sought after in overseas markets too.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
Metal sector is not too happy from Budget announcements for the sector
Purohit had allegedly said in the sting video that there is no collective leadership in the BJP. Only two people take decisions and others merely implement it.
One warm sunny day, Abhilasha Ojha stumbles upon the soul of Bahrain.
The RBI is widely expected to raise its key repo rate by 25 basis points to 8.00 per cent on Wednesday, its third such hike in four months after recent data showed both wholesale and retail inflation at multi-month highs.
In an online chat with readers, Investment Advisor Harsh Roongta answered their queries on the ban on Rs 500 and Rs 1000 notes.
During the searches, a few thousand Pakistani rupees and currencies belonging to the UAE and Saudi Arabia as well as incriminating documents were found
The broader NSE Nifty too reclaimed the key 11,500-mark. It touched a high of 11,562.25, before finally settling at 11,536.90, showing a gain of 59.95 points, or 0.52 per cent.
'How can you ask the common man alone to suffer when the rich is not doing any sacrifice?' 'To take out 10% of black money, you are punishing 90% of the public who have genuine white money.'
Bulk seizures of new currency continued on Saturday with some more incidents being reported, including one in which the IT department recovered Rs 5.7 crore cash in new notes secretly stashed inside the bathroom tiles of a hawala dealer in Chitradurga district in Karnataka.
News of all that's transpired on and off the football field
The judge fixed April 26 as the next date of hearing when he will appear via video link from jail.
A salaried individual needs to file returns as a business owner if s/he has a high turnover while trading in stocks or futures & options, reveals Tinesh Bhasin.
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The broader consensus was that the Fed would cut the monthly stimulus of $85 billion by $10-15 billion.
Laxity in enforcing KYC and allied norms suspected; money laundering gaps also on probe panel's mind
Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks
He termed the Centre's decision to demonetise Rs 500 and Rs 1,000 notes as "surgical strike" on common man's "small savings" and not on "black marketeers".
'Post Independence, it is for the first time that people have Rs 500 in their pocket, but the family is sleeping without food.'
News of all that's transpired on and off the football field
'We did not know we would one day dominate nearly 70 per cent of the market.' 'Today, of 100 diamonds available for trade in Antwerp, 93 are cut and polished in India.' A fascinating excerpt from Shantanu Guha Ray's The Diamond Trail: How India Rose To Global Domination.
They induced HNIs to trade on spot market commodity exchange with promise of high returns.
The exchange, say sources, began mock trading from early October and around 250 Indian brokers have said they'd take membership of the international exchange.
There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.
Union Budget 2014-15 is positive for metals and mining companies.
Protests by various parties could be seen as they demanded the Prime Minister Narendra Modi rolled back the demonetisation scheme.
How will the government's decision to demonetise Rs 500 and Rs 1,000 notes help curb the creation and flow of black money into the Indian economy?
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