RBI data shows a sharp increase in households borrowing against gold. Other indicators also show higher borrowing. More credit is fine, but vaccination needs priority.
Recovery in India's gold demand, which bounced back in the first three months of 2021, has faltered again as surging infections force many states to impose lockdown-like curbs.
Gold purchases in India, world’s second-biggest consumer, jumped 37% in January-March period after slumping to the lowest in more than 2 decades last year.
In Episode 677 of #CutTheClutter, Shekhar Gupta explains why Modi government’s decision to cut import duties on gold might be the beginning of a reformist reversal.
Rajasthan High Court noted that gold was a valuable material and quashed the accused's plea that challenged the filing of charges against him under the stringent anti-terror law UAPA.
Finance Secretary A.B. Pandey says the cut on customs duty shrinks the price difference of gold in the international and the domestic market, and helps enforce a simple and compliant regime.
Basic customs duty on bullion imports were cut to 7.5%, which will not only reduce profit margins for smugglers but also lower costs for consumers who saw prices surge to record highs last year.
The latest additions to ThePrint’s properties will improve your understanding of the India we live in, whether it's through the prism of AI or civil services.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Since 1815, Nepali Gorkhas have served in Indian & British Armies, as well as in Bihar, Bengal & Assam Police. Since Agnipath scheme came in, no Nepal-domiciled Gorkha has enlisted.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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