
Struggling with a high trade deficit, India last year raised its gold import duty to a record 10 per cent and made it mandatory to export a fifth of all bullion imports.

"Our expectations have not been met," said Pankaj Kumar Parekh, vice-chairman of the Gems and Jewellery Export Promotion Council, which groups more than 3,000 exporters. "We will take up the matte...

Infosys will provide applications to support multiple operations, including marketing and sales, customer service, manufacturing, product development and corporate functions.

Titan, which has a direct gold import licence but no export business, has been caught on the wrong side of the so-called 80/20 rule that means a fifth of all imports must be exported.

Shipments of silver to India are set to fall from last year's record level as investors anticipate an easing of curbs on gold imports, and as a looming election draws off "black money" that may have b...

The government has started to make physical checks of gold stocks held by wholesalers to ensure inventories match the amount imported by banks and state-run traders.

Volumes at the MCX fell 39 per cent to Rs 76 trillion in the first ten months of the fiscal year beginning April 2013, as investors lost confidence in the exchange after a payment crisis at the Na...

The Indian Commodity Exchange is set to fold due to plummetting trading volume as a result of the government's failure to liberalise and investors retreat from futures markets after NSEL scam.

"Until we have a firm grip on the current account deficit, I do not contemplate any roll back in any measure. We will have a full idea of the current account deficit only when the budget is presen...

The government has been trying to curtail shipments of gold as it seeks to curb a gaping trade deficit. It raised import duty to 10 per cent and tied gold imports to jewellery exports. As a result, je...
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