Gold imports have been recording negative growth since December last year. India’s gold imports contracted for the fifth consecutive month in a row, falling by about 100 per cent to USD 2.83 million in April due to the lockdowns imposed globally on account of coronavrius outbreak.
India
Coronavirus India Live Updates: Extends lockdown till April 30
Coronavirus India Live Updates – 13 Chief Ministers of states have asked for the lockdown to be extended during a video conference with Prime Minister Narendra Modi today. “I am available 24×7.
Budget 2020: Commerce Ministry Seeks a Reduction in Import Duty on Gold Market
The Union commerce ministry has sought a reduction in the import duty on gold in the coming Union Budget, with a view to pushing manufacturing and export of the gems and jewellery sector, a source said.
Stocks to Watch: State Bank of India, IndiGo, Infosys, Nestle India
Infosys: The Schall Law Firm, a shareholder rights litigation firm based in Los Angeles has announced the filing of a class action lawsuit against Infosys Limited. It alleged that Infosys made false and misleading statements to the market and used improper recognition of revenue to boost short-term profits.
Found! NASA Spots Crash Site and Debris from India’s Lost Moon Lander
A NASA satellite orbiting the Moon has found India’s Chandrayaan-2 Vikram lander which crashed on the lunar surface in September, the U.S. space agency said on December 2.
The World’s Largest Trade Deal Could be Signed in 2020
After more than six years of negotiations, more than a dozen countries in Asia Pacific are now aiming to sign what would be the world’s largest trade agreement in 2020.
स्वर्ण माफी योजना को लेकर वायरल खबरों का खंडन
सोने के रूप में जमा अघोषित संपत्ति का पता लगाने के लिए स्वर्ण माफी योजना पेश करने पर विचार नहीं कर रही है। आधिकारिक सूत्रों ने गुरुवार को यह जानकारी दी। यह स्पष्टीकरण ऐसे समय आया है जब मीडिया में खबरें आ रही हैं कि सरकार माफी योजना ला सकती है। यह लोगों और इकाइयों को बिना मुकदमे के सोने में अपने निवेश का खुलासा करने की अनुमति देगा।
India’s Central Bank Faces Calls for Rate Cuts – Gold Silver Reports
Gold Silver Reports (GSR) – Growth cooled to 5.8% in the first three months of the year, the slowest pace in several quarters, according to a government report on Friday. That took the expansion in the fiscal year to March 2019 to 6.8%, lower than the 6.9% median estimate in a Bloomberg survey.
World’s Central Banks Want More Gold – Gold Silver Reports
India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their reserves.
US Ready to Review Preferential Status if India Comes up with a Trade Proposal: Report
Observing that trade has been an area of frustration in bilateral ties, the US has said that the door is open if India is prepared to bring a serious proposal to the table to address the issues related to trade and market access.