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
There has been almost four-fold increase in seizures of smuggled gold during April-September this year compared to the same period a year ago, government said today.
November trade deficit came in at $16.86 billion, 26 percent higher on a month-on-month (MoM) basis. <br /> November exports stood at $25.96 billion and imports came in at $42.82 billion.
Analysts have allayed fears of widening current account deficit, which is 2.1 percent of GDP for the July-September period, and pegged it in the range of 1.4 to 1.8 percent for the full 2014-15 fiscal due to falling crude oil prices.
The CAD widened to $10.1 billion or 2.1 percent of GDP for the September quarter as against 1.2 percent in the year-ago <br />
The company has bought 2.3 million tonnes iron ore to run its lone steel-making facility in the country
GAIL India Ltd, the nation's largest natural gas distributor, has signed an agreement with US-based WGL for buying about 2.5 million tonnes of gas for 20 years.<br />
The EU is likely to lift the ban on import of mangoes and other vegetables from India this month, according to a senior government official.<br />
The US Homeland Security Investigations office (HSI) has donated equipment as aid to Pakistan Customs in order to monitor the import and export of chemicals used both legally and illegally, media reported on Thursday.
The court also directed the CBI to file a further progress report of the probe and fixed the case for November 10.<br />
While filing the revised final report, the investigating officer (IO) told the court the flaw in this case was that previous allotment of coal block was concealed by the company.<br />
The court issued summons to Gupta, two other serving government officials, Kamal Sponge Steel and Power Ltd, its managing director Pavan Ahluwalia and senior official Amit Goyal and directed them to appear before it on October 31.<br />
The development follows Supreme Court had last month quashing allocation of 214 coal mines alloted to various companies since 1993 and allowing the Centre to take operation of 42 such blocks which are operational.<br />
As per the latest data by the Central Electricity Authority (CEA), 56 coal-based power plants reported critical fuel stocks that will not last more than seven days.<br />
WGC said that the country should meet 40% of gold demand from its domestic stocks and the rest 60% through imports and mining.<br />