Gold imports shrink 32% to $17.7 billion in April-December 2016
Gold imports witnessed a fall of about 32 percent to $17.7 billion in April-December of the current fiscal, which is expected to keep a lid on the current account deficit.
Jan 22, 2017, 14:16 PM IST
Exports up for 3rd straight month in November; imports jump 10%
Imports, however, contracted by 8.44 per cent to USD 241.1 billion, leaving a trade deficit of USD 66.17 billion.
Dec 15, 2016, 19:52 PM IST
Demonetisation: Jewellers claim 85-90% dip in domestic business, exports unaffected
Many jewellers estimate an 85-90 percent dip in business post-demonetisation -- but exports have been unaffected.
Nov 30, 2016, 13:28 PM IST
Commerce Ministry favours 'restriction free' gold imports to discourage smuggling
Commerce and Industry Minister Nirmala Sitharaman has pitched for 'restriction free' imports of gold to help gems and jewellery exports and also discourage smuggling.
Nov 27, 2016, 13:32 PM IST
Gold premiums rise to 2-year high on fears of import curb
Gold premiums in India jumped to two-year highs this week as jewellers ramped up purchases on fears that the government might put curbs on imports after withdrawing higher-denomination notes from circulation in its fight against black money.
Nov 18, 2016, 14:43 PM IST
India's current account deficit to stay at $10.1 billion in FY17: Citigroup
India's current account deficit is expected to stay comfortable at USD 10.1 billion in this financial year, largely on account of likely demand moderation post the demonetisation move, says a Citigroup report.
Nov 17, 2016, 16:36 PM IST
Gold import dips 55% to $7.88 billion in H1 of 2016-17
Gold imports dipped by about 55 percent to USD 7.88 billion during the first half of 2016-17, which is expected to keep a lid on the current account deficit.
Nov 04, 2016, 21:23 PM IST
Sixth tranche of Sovereign Gold Bonds scheme to launch on October 24
The government will launch the sixth tranche of Sovereign Gold Bonds (SGB) scheme on October 24, in which people can buy securities worth up to 500 grams.
Oct 21, 2016, 13:02 PM IST
Gold imports fall to $1.8 billion in September
Gold imports fell 10.3 percent to USD 1.80 billion in September due to sliding prices of the metal in both global and domestic markets.
Oct 14, 2016, 21:42 PM IST
Forex reserves move up by $1.166 billion to $370.766 billion
India's foreign exchange reserves increased by USD 1.166 billion to reach USD 370.766 billion for the week to September 23 on account of rise in foreign currency assets, as per RBI data.
Sep 30, 2016, 19:33 PM IST
Gold imports dip 77% to $1.11 billion in August
Gold imports fell by 77.45 percent to USD 1.11 billion in August due to sliding prices of the metal in both global and domestic markets.
Sep 15, 2016, 19:18 PM IST
India's exports fall for 2nd straight month, trade deficit down 38% at $7.67 billion
India's exports declined for the second consecutive month in August by 0.3 percent to USD 21.51 billion due to dip in shipments of products like petroleum and leather.
Sep 15, 2016, 18:27 PM IST
Expect current a/c surplus of $4 billion in June quarter: Nomura
Japanese brokerage Nomura on Friday said the country is likely to post first quarterly current account surplus in nine years in the June quarter at USD 4 billion or 0.8 percent of the GDP.
Sep 02, 2016, 17:12 PM IST
Gems, jewellery exports up about 12% in Apr-Jul FY17
Exports of gems and jewellery grew 11.7 percent to USD 11.4 billion during the first four months of the current fiscal, driven largely by demand in India's major markets like the US.
Aug 25, 2016, 15:45 PM IST
Gold smuggling: Government loses over $1 billion in revenue
Indian gold refiners just months ago were ramping up capacity and struggling to secure enough ore from miners. Now, they are suspending operations as a surge in smuggled bullion wipes out wafer thin margins.
Aug 23, 2016, 14:14 PM IST
Exports slip 6.8% in July; gold imports more than halve
After rising for the first time in 18 months in June, exports shrank again in July, contracting 6.84 percent due to decline in shipments of engineering goods and petroleum products.
Aug 12, 2016, 20:56 PM IST
Gold bond scheme: Government realises record Rs 919 crore in 4th tranche
Government has realised Rs 919 crore through the fourth tranche of its Sovereign Gold Bond scheme -- the highest so far.
Jul 30, 2016, 22:04 PM IST
Gold imports drop over 38% in June to $1.2 billion
Gold imports plunged by 38.54 percent to USD 1.2 billion in June while inbound shipments of silver fell by more than a quarter in the month.
Jul 15, 2016, 20:04 PM IST
Gold Monetisation Scheme mobilises 2.8 tonnes so far
The government has so far collected 2.8 tonnes of gold under the Gold Monetisation Scheme (GMS), which has been in force for a little over six months, Parliament was informed on Tuesday.
May 03, 2016, 15:28 PM IST
Temples, trusts deposit 1,512 kg gold under GMS: Sinha
Banks have collected about 1,500 kg of gold from temples and trusts under the Gold Monetisation Scheme (GMS) since its launch last November.
Apr 29, 2016, 16:34 PM IST
