Govt proposes gold-linked bonds to lower bullion imports

Last Updated: Friday, June 19, 2015, 13:59

India is planning to issue sovereign bonds linked to the bullion price in an effort to divert some of the estimated 300 tonnes of annual demand for gold bars and coins, and reduce bullion imports that can push up the trade deficit.

Govt weighs sovereign gold bonds to keep tabs on imports

Last Updated: Friday, June 19, 2015, 11:11

The government is planning to issue sovereign gold bonds linked to the price of the yellow metal, a proposal aimed at reducing demand for gold and control trade deficit.

'Removal of benefits in foreign trade policy to hit exports'

Last Updated: Tuesday, June 16, 2015, 20:54

Removal of benefits on exports to African countries in the new foreign trade policy will affect shipments of value added products like cotton dyed and printed fabrics, textile industry body said on Tuesday.

Gold imports tick up 10.47% to $2.42 billion in May

Last Updated: Tuesday, June 16, 2015, 14:03

Gold imports grew 10.47 percent to USD 2.42 billion in May on declining prices and easing of restrictions by RBI.

Exports dip 20.19% in May; down 6th month in a row

Last Updated: Tuesday, June 16, 2015, 11:44

Trade deficit narrowed to a three month low of USD 10.4 billion in the month under review compared with USD 11.23 billion in May 2014, according to data released by the commerce ministry.

Trade deficit narrows to $10.4 billion in May

Last Updated: Tuesday, June 16, 2015, 11:06

The country's gold imports were however increased by 10.4 percent to $2.42 billion in May this year.

RBI estimates current account deficit at 1.5% in FY16

Last Updated: Tuesday, June 2, 2015, 15:34

Current account deficit is estimated to be around 1.5 percent of the GDP in the current fiscal, helped by sharp fall in oil prices even as gold imports rose in the past few months, the Reserve Bank said on Tuesday.

China's gold imports from Hong Kong drop to eight-month low

Last Updated: Thursday, May 28, 2015, 18:57

China`s net gold imports from main conduit Hong Kong fell to an eight-month low in April, data showed on Thursday, as demand for the precious metal eased amid robust equities.

CAD likely to be 1.5% in 2015-16: HSBC

Last Updated: Tuesday, May 19, 2015, 18:31

The CAD in the first half of fiscal year 2014-2015 was 1.9 percent of GDP (USD 18 billion).

Gold imports rise 78.33% at $3.13 billion in April

Last Updated: Friday, May 15, 2015, 20:00

The CAD in the first half of this fiscal declined to 1.9% of GDP ($18 bn) from 3.1% ($27 bn).

India imports 60 tonnes gold so far in May: Report

Last Updated: Friday, May 15, 2015, 13:05

India, the world's biggest gold consumer, has imported 60 tonnes of the yellow metal so far in May, a television channel reported on Friday quoting Revenue Secretary Shaktikanta Das.

RBI holds 557.75 tonne gold; 20K tonne held by public: Govt

Last Updated: Tuesday, May 5, 2015, 21:01

The Reserve Bank holds 557.75 tonne gold while over 20,000 tonne of the metal is held by the public in the country, Parliament was informed on Tuesday.