Sovereign Gold bonds can save up to $2 billion of metal imports

Last Updated: Friday, June 19, 2015, 17:37

Sovereign Gold bonds (SBGs) provide a good alternative for investors and if subscribed fully in the first year it will result in a saving of USD 2 billion on imports of the precious metal at current prices, says a report.

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.

India proposes gold-linked bonds to lower bullion imports

Last Updated: Friday, June 19, 2015, 09:32

The country consumes nearly 1,000 tonnes of gold every year, most of it imported, and gold is the second-biggest expense on the import bill after oil.

Urea imports down by 33% to 10.03 lakh tonnes in Apr-May period

Last Updated: Thursday, June 18, 2015, 18:59

India's urea imports dipped by 33 percent to 10.03 lakh tonnes in the April-May period of current fiscal compared to the same period last year.

Steps to arrest decline in exports should be taken: FIEO

Last Updated: Wednesday, June 17, 2015, 17:06

While expressing concern on sharp decline in India's export for May 2015, FIEO Southern Region Chairman, A Shaktivel said that continuous decline in export need to be arrested at any cost.

Japan posts sharp drop in May trade deficit, exports weak

Last Updated: Wednesday, June 17, 2015, 10:37

The gap between imports and exports came in at 216.0 billion yen (USD 1.75 billion), down about 76 percent from a 917.2 billion yen deficit a year earlier.

'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.

Trade deficit narrows to 3-month low

Last Updated: Tuesday, June 16, 2015, 13:58

India's trade deficit narrowed to a three-month low in May, helped by lower gold imports, bolstering the outlook for its current account balance.

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.