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The move to up the gold import duty comes days after PM Narendra Modi appeals to citizens to avoid unnecessary gold purchases for a year. (AI image) In a bid to keep foreign exchange reserves buffer intact, the government has raised the import duty on gold and silver to 15% from 6%. India is the…
NEW DELHI: Days after PM Narendra Modi’s appeal to reduce gold purchases, the finance ministry on Wednesday raised customs duty on the yellow metal and silver to 15% from 6% in a bid to lower the demand for precious metals.The move pushed up domestic spot market for gold by Rs 9,000-10,000 to about Rs 1.6…
Commerce and Industry minister Piyush Goyal on Wednesday asked exporters to target $1 trillion in goods and services exports in the current financial year, after India recorded an all-time high outbound shipment value of $863.11 billion in 2025-26, PTI reported.“This year, let’s aspire for a $1 trillion exports target. It’s possible,” Goyal said at an…
NEW DELHI: Air India has cut a further about 200 weekly flights from June to August, including a number of long hauls, in a bid to stem losses amid the sharp hike in jet fuel prices and the rupee’s crash. These cuts come on top of the about 90 flights cuts in May. The airline,…
Actress Amrita Puri has come out in support of Deepika Padukone’s demand for an 8-hour workday in Bollywood. Drawing from her own experience of unpaid 16-hour shifts, she called out the gender bias, pointing out that male actors with similar contract clauses never face the same scrutiny. Amrita Puri, known for her role in ‘Aisha’,…
Jewellery industry body All India Jewellers & Goldsmith Federation (AIJGF) on Monday urged the government to focus on domestic gold mobilisation and recycling instead of discouraging gold purchases, warning that any sharp fall in demand could hurt livelihoods linked to the sector, PTI reported.The federation’s comments came a day after Prime Minister Narendra Modi appealed…
Did Dianna Russini’s husband actually demand a DNA test for their sons amid her alleged affair drama with Mike Vrabel? Mike Vrabel and Dianna Russini’s alleged affair rumors have only gone worse in the last few weeks as she had to step down from her successful career.While Mike Vrabel’s life remains unchanged, all focus is…
Bengaluru: Tier-2 cities and rising demand for white spirits such as vodka and gin are emerging as key growth drivers for India’s alco-beverage industry, according to Radico Khaitan managing director Abhishek Khaitan, as changing consumer preferences reshape drinking patterns beyond metros.The maker of Magic Moments vodka and Rampur Indian single malt reported its highest-ever annual…
Scheduled Commercial Banks (SCBs) recorded a robust 15.9 per cent growth in credit during FY2025-26, reflecting strong economic activity and sustained demand across sectors, the Finance Ministry said, PTI reported. Total outstanding bank credit stood at Rs 212.9 lakh crore in March 2026, an increase of Rs 29.2 lakh crore over the previous year. “Amidst…
Ranchi: A large group of students under the banner of National Students’ Union of India (NSUI) staged a silent protest at Doranda College in the city, affiliated to Ranchi University, on Tuesday, demanding the appointment of teachers, conduct of students’ body election, improved sanitation and other facilities in the institution.The protesters stated that the students’…
