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RBI brushes off concerns over gold import spike - for now

Apr 30, 2015

RBI brushes off concerns over gold import spike - for now

Weak oil and commodity prices are offsetting concerns at India's central bank over the impact of a spike in gold imports on the broader economy, officials say, even as the industry forecasts another three months of strong buying. #Gold #oil prices #gold imports #Akshaya Tritiya #Bachhraj Bamalwa
Khul ja sim sim: Rich temples may have to open gold vaults for PM Modi

Apr 10, 2015

Khul ja sim sim: Rich temples may have to open gold vaults for PM Modi

Prime Minister Narendra Modi wants to get his hands on this temple gold, estimated at about 3,000 tonnes, more than two thirds of the gold held in the US bullion depository at Fort Knox, Kentucky, to help tackle India's chronic trade imbalance. #Narendra Modi #ConnectTheDots #gold imports #Gold in Indian temples #Indian Temples #Rich Temples of India #Fort Knox #Shree Siddhivinayak temple #trade imbalance
RBI's decision to lift ban on import of gold coins the right move: World Gold Council

Feb 19, 2015

RBI's decision to lift ban on import of gold coins the right move: World Gold Council

The World Gold Council (WGC) said the RBI's decision to lift a ban on import of gold coins and medallions by banks and allowing them to import gold on a consignment basis was a right move. #Gold #RBI #Reserve Bank of India #World Gold Council #gold coins #Gold Import #Gold medallions #80:20 scheme #trading houses
Budget 2015: Govt may consider reducing gold import duty by 2-4%

Feb 05, 2015

Budget 2015: Govt may consider reducing gold import duty by 2-4%

The government may consider 2-4 percent reduction in gold import duty in the forthcoming Budget, a move that could help boost exports and manufacturing of gems and jewellery #Gold #Export #import #GEMS #Gold import duty #Budget2015 #jewellery sector #All India Gems and Jewellery Federation #Common Man Budget 2015 #Finance Budget 2015
December trade deficit at $9.43 billion, falls to 10-month low

Jan 16, 2015

December trade deficit at $9.43 billion, falls to 10-month low

India's trade deficit declined to 10-month low of $9.43 billion in December mainly on account of falling imports due to slump in crude prices, though exports too have come down. #Dollar #oil #Crude #exports #imports #Trade Deficit #gold imports #Trade data #december trade data