Gold Silver Reports — Gold imports by India, the world’s second-biggest user, more than doubled in June from a year earlier amid a rush by jewelers to build up inventories ahead of a tax change.
India
‘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.
Iran Will Cut Benefits on Oil Sales to Indian State Refiners
Gold Silver Reports ✅ — Iran will cut some benefits to Indian state-run refiners on crude purchases after the South Asian country decided to reduce the amount of oil it buys from the Persian Gulf nation, people with knowledge of the matter said.
India and Russia are Nearing a Joint Venture
Gold Silver Reports — India and Russia are nearing a joint venture to make light helicopters in India, reviving a plan announced by Russian President Vladimir Putin in 2015.