Jun 02, 2021 02:44 PM IST
The headline numbers jumped high due to a severely low base as trade had crashed during May, 2020 when the COVID-induced lockdown was in full swing. But citing a nearly 8 percent growth after comparing with May, 2019, the government has expressed confidence that exports are well on their way towards recovery.
- Jul 15, 2016 08:24 PM IST
The government has announced launch of fourth tranche of sovereign gold bond scheme from July 18 in a bid to check the demand for physical gold.
- Aug 17, 2015 03:06 PM IST
For the first fortnight of this month, the import tariff value of gold and silver stood at USD 354 per 10 grams and USD 498 per kg, respectively.
- Dec 16, 2014 01:04 PM IST
Gold imports jumped 34 percent in November to USD 5.61 billion, sending India's trade deficit to a 18-month high, data showed late on Monday.
- Dec 15, 2014 07:28 PM IST
Gold imports stood at USD 5.61 billion in November this year as against USD 835.83 million in the corresponding month in 2013, according to the data released by the Commerce Ministry.
- Dec 02, 2014 04:17 PM IST
After losing Rs 730 in last six sessions after the RBI eased imports curbs by scrapping 80:20 scheme, gold staged a strong comeback by rising Rs 840 to close at Rs 27,040 per ten grams, a level last seen on October 30.
- Mar 05, 2014 05:27 PM IST
On a BoP basis, merchandise exports increased by 7.5 percent to USD 79.8 billion in Q3 of 2013-14 (3.9 percent in Q3 of 2012-13) on the back of significant growth especially in the exports of engineering goods, readymade garments, iron ore, marine products and chemicals.
- Feb 13, 2014 11:52 AM IST
The Kotak Mahindra Bank MD said economic growth in the country would follow once the macro economic situation turned â€œsoundâ€ but added that he was pleased with the pace of correction in India‘s current account deficit.
- Aug 02, 2013 11:38 AM IST
Bhaskar Bhat, MD, said that while the onus of exporting gold lies on bullion bankers from whom it buys gold, Titan too is exploring export opportunities now.
- Jul 23, 2013 10:26 AM IST
The latest RBI moves mandate banks and nominted agencies to retain 20 percent (or one fifth) of every lot of gold imports in the customs bonded warehouses. They will be able to import further gold only if they export 75 percent of that stored gold.
- Jul 23, 2013 08:51 AM IST
Global liquidity and the mood leading up to expiry could probably strike out a few more points on the Nifty, said CNBC-TV18's managing editor, Udayan Mukherjee.
- Jun 25, 2013 12:02 PM IST
Abhishek Gupta, president, Gitanjali Gems, says gold companies face immediate working capital pressures due to recent RBI guidelines, which prohibit jewellers to buy gold on credit.
- Jun 17, 2013 03:08 PM IST
Reserve Bank of India‘s several measures to curb gold import will help June deficit to come down to USD 15 billion.
- Jun 07, 2013 01:52 PM IST
Nilesh Parikh of Shree Ganesh Jewellery told CNBC-TV18 that the hike in the gold import duty to 8 percent will not only have a large impact on manufacturers but also increase disparity between domestic and international prices.
- Jun 04, 2013 06:46 PM IST
Here is what made headlines today:
- Jun 03, 2013 06:35 PM IST
More measures to curb imports are likely to be implemented. Measures include banning sale of gold coins by banks and reviewing the gold import export policy.
- Jun 03, 2013 03:00 PM IST
Finance Minister P. Chidambaram raising concern about high level of gold import said that India would review its import policy.
- Jul 01, 2012 11:52 AM IST
India's gold imports could pick up in the second half of 2012 if record prices ease but annual volumes will still fall about 30% after a tax hike, which could crimp demand until 2014.