Topic: Gold
India’s gold imports rebound in July after 79% fall in first half of 2020
The rise showed the first year-on-year increase in first half of the year. However, gold demand is forecast to slide to record low as virus-related restrictions left million jobless.
Govt plans amnesty scheme for illegal gold holdings to curb tax evasion and cut imports
Finance ministry plans to ask people with unaccounted holdings of gold to declare it to tax authorities and pay levies and penalty.
Gold demand in India seen plunging to lowest on record as prices hit an all-time high
The consumption of gold fell 56% from a year earlier to 165.6 tons in the first half of 2020. The drop is unlikely to be made up during the rest of the year.
As gold price soars, so does India’s demand for loans against gold in pandemic season
India’s demand for gold-backed loans has risen as its price crosses Rs 50,000 per 10 gm, allowing families to borrow larger amounts against holdings.
This is the message behind the stunning rally in gold prices – world economy is in trouble
Coronavirus has unleashed a torrent of forces that are conspiring to fuel relentless demand for the perceived safety from turmoil that gold provides.
Top Kerala IAS officer removed for links with woman behind UAE gold ‘smuggling ring’
M. Sivasankar was allegedly close to Swapna Suresh, the key figure in smuggling 30 kg of gold bars in a diplomatic bag bound for the UAE Consulate.
Gold sparkles as Covid fears drive prices up to its highest since 2012
Gold is up 15% this year, buoyed by unprecedented stimulus to aid the global economy hurt by the Covid pandemic.
Gold sales in India unlikely to revive before September
Demand for gold had already slowed due to high prices before the pandemic struck. Jewellers are now waiting for the festival season for a boost.
India’s gold imports slump by 99.5% due to lockdown
India, the second largest consumer of gold in the world, has seen the lowest monthly inflow in records going back to 2010.
GSI denies discovery of speculated 3000-tonne gold deposits in UP Sonbhadra
Geological Survey of India said the organisation carried out work in the region in 1998-99 and 1999-2000. However, the results of exploration work for gold were not encouraging.
Want to preserve secularism in India? Well, preserve the Hindu ethos first
Secularism in the Indian context would mean maintaining equidistance from all religions. Unfortunately, that equidistance never happened.
Mukesh Ambani is now world’s fourth richest man, overtakes Europe’s wealthiest
Reliance's shares have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook Inc. and Google.
Defence
Artillery guns, assault rifles, AFVs — Here’s a list of 101 items MoD won’t import in future
Contracts worth almost Rs 4 lakh crore will be placed with the domestic industry within the next six to seven years.
Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version
Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.