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ILLEGAL GOLD INFLOW
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...- 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...
- Govt imposes import curbs on certain colloidal precious metalsThe government has tightened import rules on specific colloidal precious metals. This move aims to curb the illegal entry of gold into Indi...
- Pandemic-battered gold demand in India to rebound in 2021Goldsmiths had one of the worst years in 2020, when demand slumped by more than a third to 446.4 tons, the lowest since 1994, as the pandem...
- World’s biggest lockdown chokes Indian gold smuggling routesIllegal shipments of gold to India are estimated to have slowed to a trickle of about 2 tons a month, and may total about 25 tons this year.
- Gold smuggling on the rise as high prices boost appeal in IndiaGold in India touched a record high of 39,885 rupees ($563) per 10 grams in early September.
- $21 billion in black money exited India in 2014: Global WatchdogGFI has, for the first time, given information on the equally damaging inflow of illegal funds in this report, with India being the destina...
- Siliguri continues to be golden route for gold traffickingAgainst present price of around MMK 541, Eqv. INR 25,800, per 10 Gram of 24 karat gold at Myanmar, it is around INR 30,000 in Indian market.
- Budget 2015: Smuggling of gold will continue if FM Arun Jaitley's scheme fails, experts sayGold import attracts 10% duty and despite several representations by the industry, Jaitley did not reduce it in the budget announced on Sat...
- Over three-fold increase in gold smuggling; airports on alertAn alert has been issued by DRI, the lead agency to check smuggling and customs duty evasion, to all international transit points across th...
- Gold seizures soar to Rs 678 crore in 2013-14Most of the seizures of illegal gold were made at airports in Mumbai, Delhi, Chennai and Calicut, according to the information provided by ...
- Competive currency must for growth in exports: Ajay BodkeOpposition and the ruling party in their manifesto have said that they would like to control CAD by ensuring that the exports are given a l...
- India has administered the wrong medicine to cure its CAD problemPlummeting investment has been the principal driver of the current compression in CAD. This is disastrous.
- Spurt in gold smuggling; yellow metal worth Rs 245 crore seizedAs many as 700 cases of gold smuggling have been reported across the country so far during 2013-14, official sources said.
- DRI asks Air India to check gold smuggling by its staffWorried over instances of gold smuggling by some AI staffers, the Directorate General of Revenue Intelligence has asked them to take necess...
- RBI not considering any capital control measuresRBI is not considering any capital control measures, it was clarified today as the central bank's recent capital outflow measures spooked t...
- Commodities plummet as Fed may wind up quantitative easingThe Standard & Poor’s GSCI Index of 24 raw materials lost as much as 2% to 622.91, the biggest intraday loss since May 10.
- Financial intelligence agencies sound alert on gold smuggling, underworld gets activeFinMin officials fear that return of gold smuggling will revive Mumbai's underworld, which thrived on the practice until the early 1990s.
- Government has the tendency to blame global crisis for economic problems: Bibek DebroyDebroy feels that the government was reluctant to implement reforms and that the current issue ailing the economy was rising expenditure.
- Rush to sell dollar as rupee tumblesBanks and money changers are facing record sales of dollars and other foreign currencies. Gainers: BSE ( A, B ) | NSE | Losers: BSE ( A, B ...
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