##tihuan2##As per the trade pact, the UAE offered India immediate zero duty market access for export of gold jewellery (the import duty was 5.0 per cent) in exchange for tariff rate quota for gold, which was ...
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##tihuan2##KATHMANDU: Nepal imported gold worth NPR 23.5 billion in the last fiscal year, according to the Department of Customs (DoC). The country brought in 1,600 kg of gold during the fiscal year 2023/24, marking a 5.81 percent increase in expenditure compared to the previous year, when Nepal spent NPR 22.355 billion on gold imports. …
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##tihuan2##India accounts for more than a quarter of global gold imports despite beingthe contributor of less than 2 percent in the global trade. Gold import has been identified as a major contributor to the widening and therefore Government of India (CAD GOI) is trying to regulate gold imports.
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##tihuan2##India's gold imports, which have a bearing on the country's current account deficit (CAD), increased 26.7 per cent to USD 35.95 billion during the April-December of this fiscal due to healthy ...
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##tihuan2##I. Vision for the Gold Industry of India 27 II. Gold Market Overview 31 III. Gold and Current Account Deficit 38 Chapter 2: Make in India in Gold I. Gold Mining 43 II. Gold Refining 49 III. Gold Exports 54 IV. Hallmarking 63 V. Digital Payments 74 Chapter 3: Financialization of Gold I. The Gold Monetization Scheme: The Gold (Metal) Loan 78 II.
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##tihuan2##The Indian government has allowed the import of up to 160 tonnes of gold from the UAE at a concessional rate for 2024-25 under the India-UAE free trade agreement, known as CEPA. This follows a surge in gold imports from the UAE, prompting calls for a review of the agreement. India's gold imports dropped by 4.23 per cent to …
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##tihuan2##Gold import duty was cut by more than halfLong-term capital gains tax on gold has been adjusted down and the holding period decreasedProfits on gold ETFs and mutual funds will no longer be taxed at the short-term capital gains rate if held for at least 12 monthsDespite some potential short-term disruptions, we expect the combined effects of …
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##tihuan2##India's gold imports, which have a bearing on the current account deficit, dipped 24.15 per cent to USD 35 billion in 2022-23 due to global economic uncertainties, according to data from the commerce ministry.Imports of the yellow metal stood at USD 46.2 billion in 2021-22. The growth rate in the imports was in the negative zone during …
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##tihuan2##Gold imports have long been a headache for the Indian government, which ran up an unsustainable current account deficit of 4.8 per cent of GDP, or $88bn, in the full fiscal year ended this...
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##tihuan2##Gold imports into India, the world's biggest buyer of the metal, may be 750 tonnes in the fiscal year ending 31 March 2014, said ArvindMayaram, economic affairs secretary at ministry of finance, as government curbs take effect.In a bid to contain a record trade deficit, the government has hiked the import duty on refined gold three …
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##tihuan2##The Indian government has restricted imports of certain gold jewelry and articles, requiring a license for importers. This move comes as the trade deficit increases and exports drop. However, the ...
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##tihuan2##From 678 tonnes of imports in FY23, it is expected to rise to 800 tonnes in this fiscal. The government had raised import duty on gold to 15 percent from 10.75 percent in July 2022 to...
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##tihuan2##Further, India's retail inflation has been on an upward trajectory since October 2021. With rising commodity prices and supply chain disruptions due to the ongoing Ukraine war, retail inflation has followed suit, remaining elevated at 7.04% in May 2022, while wholesale price inflation hit a 10-year high of 15.88% in the same month. 5 The increase …
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##tihuan2##India Exports In March: Gold imports, which surged 30 per cent during the fiscal year to USD 45.54 billion, was one of the major contributors to trade deficit. Replying to a query on escalation of the crisis in the Middle East, Commerce Secretary Sunil Barthwal, who was briefing about the trade data, said the ministry was monitoring the …
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##tihuan2##Gold import duty was cut by more than half in the most recent Union Budget; Long-term capital gains tax on gold was adjusted down and the holding period decreased; Profits on gold ETFs and mutual funds will no longer be taxed at the short-term capital …
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##tihuan2##India imported more than 2.8 trillion Indian rupees worth of gold in fiscal year 2023. ... Academia and Government ... of global gold imports. In terms of output, India produced about 780 ...
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##tihuan2##To import gold, entities can check schemes offered by the State Trading Corporation (STC) of India, a union government enterprise; STC imports gold of 100 gm and 1 Kg bars with 0.995 and 0.999 ...
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##tihuan2##In 2021, India ranked as the second largest gold importing country worldwide based on value, just below Switzerland and accounted for over 14% of global gold imports. In fiscal year 2022, India was …
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##tihuan2##The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut import of non-essential items. Now an importer would need a permission of licence from the government for importing these gold products. However, the directorate general of foreign trade (DGFT) said that the …
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##tihuan2##In April-May FY24, India imported $112.09 million of these products, of which $76.28 million came from Indonesia. Gold imports attract 15 per cent duty.
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##tihuan2##India on Tuesday restricted the import of gold jewellery studded with pearls, certain types of diamonds, and other precious and semi-precious stones. This comes after imports of jewellery parts now banned surged from $52 million in 2022-2023 to to $1.5 billion in 2023-2024. Sources said some gold items were being brought into India duty …
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##tihuan2##India's gold imports, which have a bearing on the country's current account deficit (CAD), increased 26.7 per cent to USD 35.95 billion during the April-December of this fiscal due to healthy demand, according to government data.
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##tihuan2##India imported 651.24 tonnes of gold in financial year 2020-21 as compared to 719.94 tonnes in the year-ago period, the government said on Wednesday. In a written reply to the Lok Sabha, Minister of …
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##tihuan2##The move comes as importers over the last few months have been using a policy flaw to source plain gold jewellery from Indonesia without paying any import taxes. "Indonesia was never a gold jewellery supplier to India, but in the last few months, bullion dealers imported 3-4 tonnes from Indonesia without paying any import taxes," a …
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##tihuan2##New Delhi, Jan 29 (PTI) India's gold imports, which have a bearing on the country's current account deficit (CAD), increased 26.7 per cent to USD 35.95 billion during the April-December of this fiscal due to healthy demand, according to government data. ... according to government data. The imports stood at USD 28.4 billion during the same ...
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##tihuan2##NEW DELHI: India's gold imports, which have a bearing on the country's current account deficit (CAD), rose 6.4 per cent to $12.9 billion during April-July this fiscal due to healthy demand ...
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##tihuan2##India's gold imports hit their highest level on record by dollar value in August at $10.06bn, according to government data released Tuesday. That implies roughly 131 tonnes of bullion...
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##tihuan2##India is considering quota-based duty concessions on gold imports from Switzerland as part of a proposed free trade agreement with the European Free Trade Association (EFTA), comprising Iceland, Liechtenstein, Norway, and Switzerland. India seeks a USD 50 billion investment commitment from EFTA members over the first ten …
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##tihuan2##NEW DELHI: India's gold imports, which have a bearing on the country's current account deficit (CAD), surged by about 73% to $45.1 billion during April-February this fiscal on account of higher ...
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