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ILLEGAL GOLD SALE
India's gold tariff hike fuels smuggling revival, squeezes banks and refinersIndia's decision to raise gold import duties to 15% is triggering a fresh surge in smuggling, as illegal operators exploit a widening price...- How Trump has used the presidency to benefit himself and his alliesPresident Trump's administration is reviewing a large fund proposed for supporters. This comes amid scrutiny over various financial dealing...
- Bengaluru property tax: e-Khata open house to be held on May 30, 2026 at these areas under Bhoo Guarantee schemeBengaluru citizens can attend an e-Khata open house on May 30, 2026. This event, part of the Bhoo Guarantee- 6th guarantee scheme, offers o...
- As rupee dips, I-T steps up vigil on shady outflowsIn multiple cases, individuals have used dozens of fake permanent account numbers (PANs) with the same name but different addresses and dat...
- ITC, paints, QSR: Abneesh Roy on what you should buy and avoid right nowConsumer sector outlook for FY27 faces challenges from cigarette tax hikes and crude oil shocks. Abneesh Roy of Nuvama Institutional Equiti...
- Gold Smuggling Case: How Ranya Rao was guided by a jeweller to dispose off 49.6 kg of gold worth Rs 40 croreKannada actress Ranya Rao, with jeweller Sahil Jain's help, smuggled and disposed of 49.6 kg of gold worth Rs 40.14 crore. Jain, who facili...
- Spain seizes ancient gold jewellery stolen from UkraineSpanish police have seized gold artefacts worth over €60 million ($64 million) that were stolen from Ukraine and illegally taken out of the...
- Alphanumeric hallmarking to curb smuggled gold tradingJewellers said smuggled gold will no longer be used for jewellery because of HUID, which helps trace the jewellery. No invoice is issued ag...
- Budget 2021 impact: Cheaper gold, silver jewellery to add glitter to marriage season“Price of gold will come down. There is a lot of pent-up demand in the market and the reduction in duty will unleash that demand,” said Aha...
- Budget 2019: Disappointment for jewellery industry; fears 30% rise in grey marketAll India Gem And Jewellery Domestic Council chairman N Anantha Padmanaban told PTI here that the increase in customs duty and GST will hik...
- Illegal gold chips away at Kerala Jewellers’ BusinessTraders say they’re losing 25-30% business, claim import duty & GST are encouraging illegal trade.
- High VAT may encourage illegal trading: Kerala jewellersJewellers fear that the steep difference between gold prices in Kerala and neighbouring states would encourage customers to buy jewellery f...
- Enforcement Directorate smells a rat in November gold importsRecently in Delhi, the ED arrested two Axis Bank officials for helping some people convert their demonetised currency into gold.
- Demonetisation: Will there be a spurt in weddings?The government sees the transfer of illegal funds to assets like gold and foreign currency as inevitable but of limited utility as the volu...
- Income Tax, Excise Intelligence raid jewellery outlets in Tamil NaduThe raids were being conducted following a tip-off that heavy gold purchases were witnessed after the demonetisation of Rs 500 and Rs 1,000...
- Over 600 jewellers asked to give details of gold salesThe move comes after Finance Ministry directed the jewellers to sell gold and ornaments made from it only against customers' PAN details.
- Jewellers issue backdated invoices to clientsHowever, many jewellers also turned away customers not willing to use credit or debit cards on Wednesday, when banks remained shut.
- Gold coin sales start in India but in small sizesJewellers across India are in no mood to listen to finance minister's request to suspend manufacture and sale of gold coins in the country.
- Gold import squeeze likely to drive small jewellers to grey marketJewellers are up in arms against the new 20-80 principle worked out by the Reserve Bank of India to curb gold imports.
- No information about illegal gold sale: RBI, Finance MinistryTwo key economic regulators of the country - Finance Ministry and Reserve Bank of India - do not have any information about the the consump...
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