January 27, 2020 10:35 am
The decline in gold imports has helped in narrowing the country's trade deficit to USD 118 billion during the period, against USD 148.23 billion a year ago.
December 06, 2019 6:16 pm
Imports in the world’s second-biggest consumer have been falling as jewellers have been cutting purchases on poor demand. Slowing growth and a more than 20% rally in prices this year are expected to push India’s domestic consumption to the weakest since 2016.
October 19, 2018 1:22 pm
To mitigate the negative impact of gold imports on trade deficit and CAD, the government took certain measures to cut the inbound shipments of the yellow metal.
September 16, 2015 10:37 am
However, the deficit has narrowed as compared with July, when the figure stood at $12.81 billion. Imports, too, declined by 9.95 per cent to $33.74 billion.
September 14, 2015 12:45 am
Gold monetisation schemes may not take off immediately. Yet their introduction is sound policy
June 04, 2015 1:56 am
Sources said finance ministry is in talks with the RBI to finalise modalities of the scheme under which banks would also be permitted to deposit the gold as part of their CRR and SLR requirements.
December 17, 2014 1:11 am
Sensex records steep 538-point drop on currency, falling crude.
December 02, 2014 12:32 am
Scrapping gold import curbs was overdue. In future, steer clear of measures that signal financial repression
November 19, 2014 12:46 am
The finance ministry is considering bringing back the provisions of the 80:20 scheme, relaxed in May.
September 16, 2014 12:58 am
Gold imports nearly tripled to $2.03 billion in August from $738.7 million a year ago.
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