Jewellers bat for standardisation in hallmarking of gold

GJC Chairman Anantha Padmanabhan said annual turnover of gem and jewellery industry is around Rs four lakh crore.

Rupee drops 25 paise to close at 69.42 vs USD

At the Interbank Foreign Exchange, rupee opened at 69.07 a dollar and fell further to touch the day's low of 69.46.

The securitisation route to raise funds increased to meet their growth targets in FY19, according to a report by rating agency Icra.

Sluggish demand from local jewellers and weak overseas cues weighed on the precious metal, said traders.

In 2018-19, the KVIC, the nodal agency of PMEGP, had been given a target of setting up 70,386 new PMEGP projects.

In March, Beijing announced billions of dollars in additional tax cuts and infrastructure spending on top of measures last year.

Inflation in food articles hardened with steep rise in prices of vegetables during March 2019.

Ayushman Bharat, PM-Kisan, cooking gas, rural roads and rural electrification represent major successes of the Modi govt.

The central bank had turned net buyer of dollar for the first time in fiscal 2019 in December 2018, buying USD 607 mn.

Panagariya said government has managed to accelerate outcomes in sectors like roads, railways, waterways, aviation and digitisation.