Anti evasion wing of Mumbai Central GST busts major illegal gold movement channel
“The customs and GST officials have raised their drive to curb evasion of import duty or of the GST,” said a government official speaking on anonymity. India imports 700-800 tonnes of gold on average each year. After the UPA government raised the duty in stages from 2% to 10% in 2013 to check a ballooning current account deficit, smuggling reared its head.
Did Nirmala Sitharaman's last Budget leave you rich or poor? A recap
For those with taxable income of Rs 2-5 crore, the surcharge stands incr...
GJC seeks reduction in gold import duty in the upcoming Union budget
Mr. Shaankar Sen, Vice Chairman, GJC, said, “The high import duty on Gol...
Indo-Pacific concept initiated to disrupt existing structure, contain China: Russian FM
The new Indo-Pacific concept being pushed by the US, Japan and others is an attempt to reconfigure the existing structure, Russian Foreign Minister Sergey Lavrov said. "Why do you need to call Asian Pacific as Indo-Pacific? The answer is evident -- to exclude China. Terminology should be unifying, not divisive. Neither SCO nor BRICS is exclusionary," Lavrov said.
This Dubai Shopping Festival, take a walk through the iconic Gold Souk
Head to Dubai for the 25th edition of Dubai Shopping Festival to shop for jewellery at alluring prices.
Serious differences emerge within RJD in election year
After the re-election of Lalu Prasad Yadav as national president on December 3 last year, the party had decided to ensure reservation for all categories in the selection of the party office-bearers and in the organisation. However, it is yet to take that decision forward.
Global use of Libra, other stable coins could curb yuan's internationalisation: PBOC
They could also weaken the effects of capital controls and lead to volatile asset prices.
Budget 2020: What is growth recession & why should the government worry about it?
Growth recession is a situation in which growth slows down for a few quarters but does not turn negative. Growth recession is not exactly a recession as understood in common parlance which entails two consecutive quarters of negative growth leading to massive unemployment.
Copper Dollar, Double Eagle & other coins that are worth a fortune today
Legend Numismatics, a rare-coin firm in New Jersey, bought a coin for $10 million at an auction in 2013.
7 disruptions that might strike your financial world in this decade. Are you prepared?
Changes you can anticipate in this decade, and how to be prepared for them.
Delhi polls: Social media battle hots up as BJP, Congress try to breach 'Kejri Wall'
The high-stakes tussle for power in the national capital is also being hotly contested in the virtual world with parties' social media warriors battle-ready with their 'weapons' of parodies, memes and hashtags.
Bitcoin’s purported creator says his fortune may remain locked
Wright is a controversial figure, with many in the cryptocurrency community believing he didn’t invent Bitcoin.
Price spike may kill gold demand in short term
However, wedding season demand for jewellery tends to be inelastic as pointed out by Titan.
Odisha issues notification for Census of India 2021, NPR
Naveen Patnaik had raised a few eyebrows by supporting the Centre’s Citizenship Ammendment Bill (now an Act) in both the Lok Sabha and Rajya Sabha. A few days later, he announced that his party, the Biju Janata Dal, which has supported most of the Narendra Modi government’s bills, would not support the National Register of Citizens.
Quantum Leap: End of cash is near, cashless currencies are in vogue
In India, despite the demonetisation scheme in 2016, cash continues to account for over 90% of transactions.
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