With rupee nearing 80 to a dollar, govt. raises gold import duties to 15%

With rupee nearing 80 to a dollar, govt. raises gold import duties to 15%

In a bid to curb a surge in gold imports and check windfall profits being made by crude petroleum producers, the Government has raised the import duty on the yellow metal from 10.75% to 15% and levied fresh taxes on the export of petrol, fuel and ATF as well as the domestic sale of crude […]

Continue Reading
Gems, jewellery exports surge 20% to ₹25,365 cr in May: export council

Gems, jewellery exports surge 20% to ₹25,365 cr in May: export council

We’re witnessing India’s steady progress towards becoming the gem and jewellery manufacturer of choice for the rest of the world, says Gem and Jewellery Export Promotion Council chairman We’re witnessing India’s steady progress towards becoming the gem and jewellery manufacturer of choice for the rest of the world, says Gem and Jewellery Export Promotion Council […]

Continue Reading
First tranche of 2022-23 gold bonds to open for subscription on June 20

First tranche of 2022-23 gold bonds to open for subscription on June 20

The first tranche of Sovereign Gold Bond (SGB) for 2022-23 will open for subscription for five days from June 20, the Reserve Bank of India (RBI) said on Thursday. The RBI further said that the second tranche of Sovereign Gold Bond (2022-23 Series II) will be available for subscription during August 22-26. The central bank […]

Continue Reading