Business news: The growth rate in the imports was in the negative zone during August 2022 to February this year. It jumped to USD 3.3 billion in March 2023 as against USD 1 billion in the year-ago month, the data showed.
Gold imports, which have a bearing on the current account deficit, declined 47.42 per cent to USD 9.28 billion during April-October due to fall in demand in the wake of the COVID-19 pandemic, according to data from the Commerce Ministry.
Mumbai: The six-fold rise in gold imports is a matter of concern but the government will adopt a wait and watch stand and take a call at an appropriate time, a top Commerce Ministry official
New Delhi: Gold imports declined over 74% to $1.75 billion in April due to restrictions imposed by the government on inbound shipments of the precious metal to narrow the current account deficit.Imports of gold in
Mumbai: The Reserve Bank today said it is not the right time to take back measures it adopted to control rising current account deficit, but favoured removing curbs on gold imports.“At this point, it will
Mumbai: The country's gold import, which is at a "standstill" now, are expected to pick up and may touch 725 tonnes this fiscal, a top industry body has said. "The gold import is presently at
New Delhi: Gold imports are likely to come down to $ 38 billion from $ 53.8 billion this fiscal despite some demand pick up during the forthcoming festival season, Prime Minister's key economic advisor C
New Delhi: Gold again crossed Rs 29,000 per ten gram level in futures trade on Tuesday by rising 0.42 per cent as speculators engaged in creating positions amid a firming trend overseas.Besides, covering up of
New Delhi, June 13: With dip in gold imports, government has ruled out any further hike in customs duty and said economic indicators like CAD will improve drastically if Indians do not import it for
Mumbai, Jun 4: The Reserve Bank today extended the restrictions on gold import to other agencies in addition to banks, a moved aimed at curtailing demand for the precious metal for domestic use amid widening
New Delhi, June 4: With gold imports at a staggering $15 billion in the last two months, the government today said there will be corrective measures including a possible sale of gold coins by banks
New Delhi, May 12: India's gold imports are expected to fall by 50 per cent to below 500 tonne this fiscal year if the Reserve Bank's recent move to restrict banks' bullion imports is made
Tokyo/New Delhi, Apr 2 : Government today raised the tariff value of gold to check its imports even as Finance Minister P Chidambaram virtually ruled out hiking the import duty on it.The tariff value of
Mumbai, Mar 31: Gold and silver prices quoted lower at the domestic bullion market here today for the fiscal year-end reference rate purpose, as there was no trading due to bullion traders' strike in protest
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