Gold, silver import duty raised to 15% from 6% as government moves to curb imports, support rupee

NEW DELHI: The government on Wednesday raised import tariffs on gold and silver to 15% from 6%, according to Reuters. The move is aimed at curbing precious metal imports and easing pressure on India’s foreign exchange reserves.The sharp increase in duties comes just days after Prime Minister Narendra Modi urged Indians to avoid buying gold…

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Gold, silver import duty raised to 15% from 6% as government moves to curb imports, support rupee

NEW DELHI: The government on Wednesday raised import tariffs on gold and silver to 15% from 6%, according to Reuters. The move is aimed at curbing precious metal imports and easing pressure on India’s foreign exchange reserves.The sharp increase in duties comes just days after Prime Minister Narendra Modi urged Indians to avoid buying gold…

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Misadventure happens from across border, we’re ready to quell it: Navy chief-designate after Munir’s warning | India News

NEW DELHI: In response to Pakistan Field Marshal Asim Munir warning India against any “future misadventure”, Indian Navy chief-designate Vice Admiral Krishna Swaminathan has said that “misadventure does not come anywhere or anytime from India” and asserted that the country is ready to counter and quell any “misadventure” from across the border.Vice Admiral Swaminathan, who…

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A powerful crypto indicator just flipped green as bitcoin tests $82,000

Cryptoquant’s bitcoin bull-bear cycle indicator turned green for the first time since 2023, which could signal that “the market structure is beginning to recover,” said the firm’s onchain market analyst Julio Moreno on Wednesday. “Historically, this has been an important regime-change signal,” Moreno wrote. “When the indicator moves out of bear territory and enters the…

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‘Oil cos losing Rs 1,000 crore a day’: Hike in prices imminent, hints Petroleum minister Hardeep Singh Puri | India News

NEW DELHI: Petroleum minister Hardeep Singh Puri on Tuesday said public sector oil marketing companies may not be able to sustain daily losses of Rs 1,000 crore from selling petrol and diesel below market price, in a strong indication that pump prices are set to rise in the coming days.“They’re taking a loss to insulate…

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