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2 days agoTo boost exports and create jobs trade associations on Thursday demanded fiscal incentives a tweak in customs duties on certain items and cheaper credit in their wish list for the Budget for
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Gold imports likely to come down this fiscal PMEAC The Prime Minister s Economic Advisory Council said it expects gold imports to come down this fiscal
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Apr 1 2021MUMBAI Reuters India s gold imports in March surged 471% from a year earlier to a record 160 tonnes a government source told Reuters on Thursday as a reduction in import taxes and
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Apr 3 2021India s gold imports in April could fall below 100 tonnes as jewellers fear government could impose lockdown to arrest rising coronavirus infections the dealer said During the full fiscal the imports contracted by per cent to USD billion Gold imports jumped to USD billion during the month under review
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Apr 1 2021In value terms March imports surged to $ billion from $ billion a year ago he said In February India slashed import duties on gold to % tax from % to boost retail demand and
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Dec 4 2020The gold imports also went down by more than 77% to $ billion The total merchandise imports fell by 50% to $ billion during the April June quarter while the exports fell by % to a sum of $ billion India went into lockdown in March to prevent the spread of the novel coronavirus
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We estimate that a second outbreak would prompt a contraction of around 3% in 4Q 2024 and lead to a contraction of % in 2024 The extent of any scarring Even after a better than expected resumption of activity and significant government efforts the lingering damage to the economy may prove greater than we have assumed
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Jun 22 2022WTI for August delivery declined % to $ a barrel at 10 27 in London Brent for August settlement shed % to $ a barrel Wednesday s slide came as other commodities also lost ground as well as risk assets more broadly Copper and iron ore both declined as did equities
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The GOVERNMENT of INDIA home to the world s heaviest consumers of physical gold has acted as many industry watchers feared and raised gold import duties once again This will shift gold inflows to unofficial channels according to analysts at brokerage Nomura quoted today by the India Express In our view imposing import duty tackles the symptom not the cause they say
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Dec 4 2021The country s trade deficit widened to $122 billion in April November 2024 as gold imports shot up despite its still elevated prices The gold import bill for the first eight months of
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With India s foreign exchange reserves at $ billion in January 1991 and depleted by half by June barely enough to last for roughly 3 weeks of essential imports India was only weeks away from defaulting on its external balance of payment Government of India s immediate response was to secure an emergency loan of $ billion from the International Monetary Fund by pledging
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Nov 18 2022The Chilean economy already started to cool it posted negative sequential and flat annual GDP growth in Q3 but imports fueled by multiple withdrawals from private pension funds are still at multi decade highs As a result the trailing current account deficit widened to nearly 10% of GDP in Q3 The consensus expects Chile to slide
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Aug 19 2022August 19 2024 / 11 19 AM IST Gold Gold prices India s gold imports which have a bearing on the country s Current Account Deficit CAD rose per cent to USD billion
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New Delhi July 18 The lid on the current account deficit is likely to be kept tight with gold imports falling by about 48 per cent to $ billion in the first quarter of this fiscal The import of the yellow metal stood at around $ billion in the corresponding period of the last fiscal The sliding prices of the precious metal in both the global and domestic markets are seen as a
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M assive imports by India of $60 billion and 1 067 tonnes in 2024 12 up from $40 billion in 2024 11 have contributed in pushing prices to record levels Sophisticated investors have
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In value terms gold imports rose by percent to $ billion in November from $ billion a year ago The rise in gold imports will lead to swelling of India s import bill which will have adverse impact on the country s current account and fiscal deficits
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Apr 18 2021Gold imports which have a bearing on the country s current account deficit CAD rose by per cent to USD billion about Rs lakh crore during 2024 21 due to increased
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The imports of the precious metal were around $ billion during the period April September last fiscal the data said However the import of gold dropped by 5% to $ billion in the month of September this year as compared to $ billion in the same month a year ago Due to a long strike by jewellers in India the gold imports had
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Jan 28 2022AA Gold imports by India accelerated to the highest level in a decade last year as jewelry sales almost doubled with the demand outlook remaining bright according to the World Gold Council Demand revived after two bleak years as Indians once again flocked to jewelry stores in 2024 as fears of the pandemic eased
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Aug 19 2022India s gold imports which have a bearing on the country s Current Account Deficit CAD rose % to $ billion during April July this fiscal due to healthy demand according to government data
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Jun 27 2021Significant jump in the gold imports has lead to widening of the country s trade deficit difference between imports and exports to $ billion during April May this fiscal as against $ billion in the year ago period India is the largest importer of gold which mainly caters to the demand of jewellery industry
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Apr 1 20212 Min Read MUMBAI Reuters India s gold imports in March surged 471% from a year earlier to a record 160 tonnes a government source told Reuters on Thursday as a reduction in import taxes
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Apr 18 2021Gold imports which have a bearing on the country s current account deficit CAD rose by per cent to USD billion about Rs lakh crore during 2024 21 due to increased domestic
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It is estimated that during the eight years 1931 32 to 1939 40 gold exports from India amounted to million ounces valued at Rs crores These exports were so heavy that in six years alone 1931 37 India exported between 1/4 to 1/5 of the entire stock of gold which she had patiently accumulated through a period of 438 years
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Aug 17 2022India s gold imports which have a bearing on the country s current account deficit CAD rose by per cent to $ billion during the 2024 22 fiscal on higher demand according to
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Imports In 2024 India imported $ in Gold becoming the 6th largest importer of Gold in the world At the same year Gold was the 2nd most imported product in India India imports Gold primarily from Switzerland $ United Arab Emirates $ South Africa $ Peru $ and Ghana $853M
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New Delhi India s gold imports will jump to over 700 tonnes in the current fiscal as against 500 tonnes in 2024 17 a top industry association said on Monday Addressing a press conference here Gems and Jewellery Export Promotion Council GJEPC Chairman Praveenshankar Pandya demanded that the import duty on gold be brought down to 4 5 percent in the Budget asserting that the prevailing 10
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India Business News Soon jewellers may knock on your doors asking if you would like to deposit jewellery you don t use for a monthly interest
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Nov 18 2022Lam Research s system revenues were $ billion % of the total revenues up % from the year ago fiscal quarter s figure In the Customer Support Business Group revenues for
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