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…
Anti-ship missile helicopter launch New Delhi: In a boost to Indian Navy’s anti-ship warfare capabilities, Defence Research & Development Organisation (DRDO) and Navy on Wednesday successfully launched naval anti-ship missile-short range (NASM-SR) from a helicopter platform in Bay of Bengal off Odisha coast. During the trial, two missiles were launched in quick succession from the…
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The Asian Infrastructure Investment Bank (AIIB) has launched a $10 billion fund facility to support member countries affected by the economic fallout of the ongoing Middle East conflict, PTI reported. India is the second-largest shareholder in the China-led multilateral lender after China.The Beijing-headquartered bank said the newly launched Energy, Food Security and Economic Resilience Facility…
Buying property from an NRI? Worried about obtaining TAN? Not anymore. To relax the compliance burden, the Budget has proposed that resident individuals and HUFs need not have a Tax Deduction and Collection Account Number (TAN) if they are purchasing a property from a non-resident Indian (NRI). The amendment will take effect from Oct 1,…
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India’s wheat output for the 2025–26 crop year is expected to remain steady despite weather disruptions, the agriculture ministry said on Sunday, even as an industry estimate suggested lower production. The ministry said that the crop is “stable and resilient despite localised damage” caused by unseasonal rainfall and hailstorms. It described the season as “mixed…
NEW DELHI: Rebutting PM Narendra Modi‘s accusation, Congress chief Mallikarjun Kharge said Modi’s “Goebbelsian” and “filthy” propaganda against then PM Manmohan Singh, who was a decent and hardworking achiever, was an insult to the Sikh religion, and demanded that Modi apologise for it.Kharge said Congress respects Sikh religion and made Manmohan Singh finance minister and…
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