Gold Silver Reports – The GST (goods and services tax) rate on gold jewellery is fixed at 3%. While it is higher than the earlier tax on gold, the GST rate is lower than expectations of a 5% rate and that is a relief.
Economic
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India Consumer Prices Rise 3.36%, More Than Forecast
Gold Silver Reports — India Consumer Prices Rise 3.36%, More Than Forecast — India’s August inflation rate accelerated to the fastest since March, exceeding expectations ahead of the central bank’s policy review in October.
GST Launched: PM Modi Stresses on Political Unity for Reforms
Gold Silver Reports — Prime Minister Narendra Modi sends out a strong signal about his desire to work closely with all political parties, moments before rolling out goods and service tax (GST)
‘Plenty of Hiccups’ Expected as India Rolls Out New Tax Reform
Gold Silver Reports — As India prepares to launch its biggest tax reform since independence in 1947, businesses and citizens across the country are bracing for economic chaos.
Fed Raises Rates, Maintains Forecast for One More Hike
Gold Silver Reports — Federal Reserve officials forged ahead with an interest-rate increase and additional plans to tighten monetary policy despite growing concerns over weak inflation.