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UNACCOUNTED GOLD HOLDING
$5 trillion gold lying with Indian households: Kotak explains macro downside of Midas touchIndian households now own gold worth nearly $5 trillion, a scale that Kotak Institutional Equities warns could distort savings patterns and...- 22 karat gold today: Check latest gold jewellery rates of Malabar Gold, Joyalukkas, Kalyan Jewellers, Tanishq22 karat gold today: In India, owning gold is a treasured custom that is deeply rooted in the nation's economic and cultural traditions. In...
- Not all gold actually glittersCan anything be done to curb gold smuggling? If there's no import tax, there would be no financial incentive to smuggle gold (even as other...
- Does gold give you only mental comfort or good returns as well?Gold earns nothing and suffers the commodity cycle that tosses its prices up and down. The appreciation just about matches inflation rates ...
- Suresh Reddy steps down as Brightcom CMD, Narayana Raju as CFO; stock tanks 5%The resignations come following the Enforcement Directorate (ED) raids at the offices of Brightcom Group, as well as at the residences of R...
- ED searches Brightcom Group offices, CMD residence; finds violation of FEMA ActEarlier this month, Sebi passed a second interim order against Brightcom Group, restraining Reddy and Raju from holding any directorial pos...
- India considers amnesty for citizens hoarding gold illegallyAny proposal for an amnesty is fraught with risks as the country’s top court has ruled that Indians cannot claim absolute amnesty following...
- Gold prices top Rs 45,000, reach demonetisation levelsOn April 9, 24 carat gold quoted at a record high of Rs 45,020 per 10 gram (ex -3% GST), data from trade body India Bullion & Jewellers Ass...
- No proposal to launch gold amnesty scheme: Govt sourcesThe clarification comes amidst media report indicating the government move to launch amnesty scheme that will allow individuals and entitie...
- Keep PAN, Aadhaar handy for bullion & jewellery purchases above Rs 50K post Budget 2017Chartered accountant Bhargav Vaidya expects the KYC requirements for bullion and jewellery to be revised lower from the present Rs 2 lakh i...
- Dubai's gold market bears the brunt of India's demonetisationAccording to retail sources, there has been some compensation in the form of Chinese visitors who have been more active in recent weeks wit...
- Tax sleuths search 11premises of Tamil Nadu chief secretary Rama Mohana RaoA senior AIADMK representative who did not wish to be identified said: “There are interstate ramifications that have led to these developme...
- What are your options if the government puts a limit on gold holding?The Sovereign Gold Bonds could be a good alternative to the metal but people might not opt for the Gold Monetisation Scheme.
- No change in gold seizure norms in proposed I-T Law amendmentsThe proposed amendments also do not seek to tax inherited gold and jewellery, as also those items that are purchased through disclosed or a...
- Gold’s physically challenged: Bonds, no barIndia’s total bar and coin demand at 194.6 tonnes in 2015 accounted for a little over a fifth of the total demand, the rest of it being jew...
- Demonetisation: Money mules are back again"Money mules are hired mostly by fraudsters and money launderers to transfer illegal money into the mules" account. Now, they seem to have ...
- Rs 500, Rs 1,000 notes banned: Experts see rise in VAT, excise duty collectionsWithin minutes of PM Narendra Modi announcing that Rs 500 and Rs 1,000 notes won't be legal tenders from Wednesday, those who hold back mon...
- Gold monetisation scheme fails to appease consumers over low returns and security concernsIn the scheme the minimum deposit has been kept as low as 30 grams and returns have been made tax-free to sweeten the deal.
- Bullion trader Pankajkumar Chimanlal Lodhai admits to black money, skips Swiss accountLodhai had lent his name to two overseas bank accounts and had advised Sharjah resident to take large bets on gold futures on offshore exch...
- India's fetish for goldDeepening of financial sector reforms can attract annual savings towards more productive business assets than gold.
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