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Exporters need all the help they can get to help close the trade deficit. (Representational image)

India's November trade deficit narrows to $16.67 billion

India, the world's third-biggest crude importer, buys over 80 percent of its oil from overseas markets.

15 Dec 2018 10:15 AM IST

Jewellery demand and gold investment demand also declined in the first quarter. (AFP Photo)

India's Jan-Mar gold demand falls 36% due to volatile prices, economic...

Jewellery demand and gold investment demand also declined in the first quarter and going ahead it could be a...

30 April 2020 2:19 PM IST

India typically imports around 800 tonnes of gold every year. (Photo: PTI)

Banks to pay 3 per cent IGST on gold imports: CBEC

GST is payable at the rate of 3 per cent of the total transaction value of jewellery.

21 Aug 2017 4:16 PM IST

India typically imports around 800 tonnes of gold every year. (Photo: PTI)

Export of gold items above 22-carat banned

According to industry sources, some exporters were availing of export incentives by claiming export of gold items of...

17 Aug 2017 2:22 AM IST

Ralhan said that petroleum exports which has a major contribution in the exports basket has continued to growth with a positive growth of well over eight per cent. (Representational Image)

Export up 3.94 per cent in July; trade deficit widens to USD 11.44 bn

Cumulative export during April-July of 2017-18 rose by 8.91 per cent to USD 94.75 billion.

14 Aug 2017 6:25 PM IST

At present, there is a 10 per cent import duty on gold. (Photo: PTI)

Gold imports from S Korea to touch 25 tonnes in July-Aug

The 10 per cent import duty on gold does not apply to countries that have signed FTA with India.

14 Aug 2017 4:28 PM IST

A ban on gold imports would also lead to large-scale unemployment as this sector has a huge workforce, with most of them on contract.

Govt may impose curbs on domestic gold holdings

India is the world's second biggest gold buyer, and it is estimated that one-third of its annual demand of up to 1,000...

25 Nov 2016 1:27 PM IST

However, imports too jumped 49 per cent to $37.88 billion in April 2016, pushing trade deficit to a 29-month high $13.2 billion

Indian exports rise 20 per cent in April

The strong performance expected in FY18 may help India retain the the fastest growing tag.

16 May 2017 1:54 AM IST

Arrested on the basis of profiling, the gold was concealed in the shoes he was wearing. (Representational Purpos).

Tax burden on gold should reduce under GST regime: WGC

GST will bring lot of transperency in the gold industry including check on illgeal imports.

25 May 2017 5:22 PM IST

Representational Image

India's gold imports could plunge in 2017

The plunge takes place after jewellers have aggressively restocked inventory ahead of a national sales tax that takes...

23 May 2017 2:11 PM IST

The decline in January is 43 per cent from the gold imported in the corresponding month in 2016.

Demonetisation drive takes toll on Gold import

The yellow metal imports reduced to 54.1 tonnes in December and 53.2 tonnes in January.

12 March 2017 2:05 PM IST

Arrested on the basis of profiling, the gold was concealed in the shoes he was wearing. (Representational Purpos).

Gold import shrinks 24 pc to USD 23 billion

Total import of the precious metal in the corresponding period of 2015-16 stood at USD 30.71 billion.

9 April 2017 11:06 AM IST