gold imports
India's Gold Imports Plunge 90% In March, Hitting Pandemic Low
News

India’s Gold Imports Plunge 90% In March, Hitting Pandemic Low

India’s gold imports are anticipated to nosedive by more than 90 per cent in March, reaching their lowest point since the COVID-19 pandemic outbreak, according to a government official and two bank dealers cited by Reuters. The drop comes as banks curtailed imports following a surge in prices, which dampened demand for the precious metal, […]

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Exporters Seek Relief From 45-Day Payment Rule, Cite Business Impact
Export National News

India’s Monthly Merchandise Exports Surge To $41.40 Bn In Feb

India has had a robust 12 per cent annualised growth in merchandise exports, amounting to USD 41.4 billion in February, despite facing global headwinds. This growth has narrowed the contraction in the first 11 months of 2023-24 by 3.6 per cent, reaching USD 395 billion. Services exports for February were estimated at USD 32.15 billion, […]

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PSU Faces Scrutiny For Zero-Duty Gold Dore Imports
Feature Government News

PSU Faces Scrutiny For Zero-Duty Gold Dore Imports

Zero-duty import of Gold by a large PSU company has come under the scanner, sources told BW. India levies a 14.35 per cent duty on the import of Gold Dores (unrefined gold) but some refiners like MMTC, a public sector entity and PAMP, a Switzerland company, were importing dores from least developed countries (LCDs) on […]

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