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FOREX SMUGGLING
India’s gold import duty hike: A double-edged swordIndia has raised gold import duty to 15% and urged citizens to buy less gold. This move targets foreign reserves and the rupee's value. How...- India rolls out new gold math with import duty hike. Who will foot the bill?India has sharply raised import duties on gold and silver to 15% from 6% to curb demand, protect the rupee and preserve foreign-exchange re...
- 'Rich Dad Poor Dad' Robert Kiyosaki warns global economy is about to crash in 2026, but says it will be a good news for those...Robert Kiyosaki's latest warning: As India sharply raises import duty on gold and silver to 15%, precious metal prices are surging — and no...
- The 2013 ghost returns: Will higher gold duties actually restrict imports or just fuel the grey market?India’s shock hike in gold and silver import duty to 15% has revived memories of the 2013 crisis. While the move aims to curb dollar outflo...
- Gold jewellery to get costlier: Here's how much more you need to pay on your next purchaseIndia has significantly raised import duties on gold and silver. This move aims to reduce foreign exchange outflow and ease pressure on res...
- In hawala universe, it's a partial eclipse of dollarThe Indian money market's hawala sector is experiencing an unusual discount on the dollar-rupee exchange rate, a shift attributed to stalle...
- Gold smuggling boom: Is it time to scrap import duties?India faces a significant issue with gold smuggling, driven by the high price difference between international and domestic markets, and cu...
- Jewellers urge govt to reduce import duty on gold in Budget 2022Ahammed MP, Chairman, Malabar Gold & Diamonds said "The Union finance minister should prioritize slashing import duty on gold in Budget 202...
- DRI raids Mumbai traders suspected of dealing in smuggled goldUnder Section 123 of the Customs Act, the burden of proof that certain notified goods like gold, silver, cigarettes, etc, are not smuggled ...
- Customs' new guidelines to ensure foreigners accused of smuggling face law in India"In cases involving foreigners, prosecution may be launched at the earliest, even before issuance of the show cause notice," the new order ...
- DRI sniffs out trail of smuggled gold tradeThe huge, undeclared currency is allegedly used to buy jewellery overseas and bring it back in person by the same or unrelated parties
- 28 cases in 2 years of airline staff involved in smuggling: Government dataAccording to the figures shared by the Centre, these incidents have dropped by 60 per cent in 2016-2017 as compared to the previous year.
- More Jet Airways staff under DRI lens for forex smugglingThe DRI had arrested the flight attendant, Deveshi Kulshreshtha, for allegedly trying to smuggle out USD 4,80,200 (Rs 3.25 crore) from a Je...
- Arrested Jet Airways crew part of global hawala racket: DRIThe DRI officials intercepted the woman when she was on a flight to Hong Kong yesterday, the agency said in a statement.
- Forex smuggling: Jet Airways to take action against crewThe airline said it has a strict code of conduct and zero tolerance towards any action of its employees that contravenes domestic or intern...
- Higher taxation killing Indian cigarette brandsIn last 6 years, there has been 202% increase in taxation on cigarettes. There is no logic that legal cigarettes, accounting for only 11% o...
- Rupee depreciation positive for economy: AV Rajwade"In my view a fall of the rupee would be a very good thing for an economy which is slowing down."
- Gold duty hike will not stop people from buying the yellow metalLast week, the finance minister spoke out about the problem of gold imports.Some 12% of India's import bill is on account of gold.
- Cleanse the system: More power to the PMPrime Minister Manmohan Singh's track record on projects that he takes to heart is sound.
- FDI in tobacco will increase contraband trade: TIIExpressing concern over the possibility of FDI in the Indian tobacco sector, Tobacco Institute of India (TII) has said such a move will not...
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