Govt proposes steps to monetise gold, contain imports

Last Updated: Saturday, February 28, 2015, 15:07

The minister proposes to introduce a gold monetisation scheme, which will replace both the present gold deposit and gold metal loan Schemes.

January gold imports jump 55 pct - media

Last Updated: Friday, February 27, 2015, 12:21

Gold imports into India, the world`s top consumer, jumped 55 percent to 57.2 tonnes in January from a year ago, local media reported ahead of an expected cut in the import duty in Saturday`s federal budget.

Gold imports set to rise as RBI eases curbs ahead of budget

Last Updated: Thursday, February 19, 2015, 17:07

Gold imports to top consumer India are set to jump in coming months after the Reserve Bank of India (RBI) eased gold import curbs, ahead of an expected cut in import duty in next week`s budget.

Gold related shares seen rising after RBI eases norms

Last Updated: Thursday, February 19, 2015, 09:53

An overnight move by the Reserve Bank of India to ease gold import and lending norms for banks is set to trigger gains in shares of jewellery makers, as well as shares of lenders which accept gold as collateral.

Gold imports surge 8.13% to $1.55 bn in January

Last Updated: Friday, February 13, 2015, 21:28

Gold imports surged by 8.13 percent year-on-year to USD 1.55 billion in January on easing of restrictions by the Reserve Bank.

'Govt may consider import duty cut on gold in Budget'

Last Updated: Thursday, February 5, 2015, 19:10

With decline in gold imports, the government may consider 2-4 percent reduction in import duty on it in the forthcoming Budget, a move that could help boost exports and manufacturing of gems and jewellery, sources said.

CAD in 2014-15 estimated at 1.3%: RBI

Last Updated: Tuesday, February 3, 2015, 14:25

Current account deficit is estimated to come down to 1.3 percent of GDP in the fiscal ending March, helped by moderation in petroleum and gold imports, the Reserve Bank said Tuesday.

Trade deficit falls to 10-month low of $9.43 billion in December

Last Updated: Thursday, January 15, 2015, 19:36

India's trade deficit declined to 10-month low of USD 9.43 billion in December mainly on account of falling imports due to slump in crude prices, though exports too have come down.

DGFT slaps Rs 100 crore fine on Riddhi Siddhi Bullion

Last Updated: Wednesday, January 14, 2015, 19:06

The Directorate General of Foreign Trade (DGFT) has imposed a penalty of Rs 100 crore on Riddhi Siddhi Bullion and also cancelled its nominated agency certificate (NAC) for violation of RBI norms.

Gold imports slump to 39 tonnes in December

Last Updated: Wednesday, January 7, 2015, 20:44

Providing relief to the economy from widening trade deficit on account of gold imports, the inward shipments of the metal slumped in December to 39 tonnes, Commerce Secretary Rajeev Kher said on Wednesday.

Commerce Ministry calls meeting with jewellers on gold import issues

Last Updated: Tuesday, January 6, 2015, 20:24

The Commerce Ministry has called a meeting of gems and jewellery exporters Wednesday to discuss issues regarding gold imports for the sector.

Gold imports fall sharply, fresh curbs unlikely

Last Updated: Sunday, December 28, 2014, 11:12

The government is unlikely to put any fresh restrictions on gold imports, as the inward shipments have fallen sharply this month despite recent easing of some curbs by RBI.