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Curbs on gold import can go after situation improves: Jaitley

Last Updated: Friday, July 11, 2014, 14:41

The government will consider relaxing curbs on gold import once the fiscal situation becomes more comfortable, Finance Minister Arun Jaitley said.

GJEPC seeks duty cut on gold to 2%, scrapping 80:20 rule

Last Updated: Friday, June 20, 2014, 08:43

The Gems and Jewellery Export Promotion Council (GJEPC) has urged the government to reduce import duty on gold and silver to 2 percent from 10 percent.

Net capital inflows to India to rise sharply in FY'15: Nomura

Last Updated: Tuesday, May 27, 2014, 15:02

The net capital inflows to India are likely to increase sharply in FY'15, buoyed by the historic victory of the BJP-led NDA headed by Prime Minister Narendra Modi, says a Nomura report.

Sensex extends early losses, down nearly 250 points

Last Updated: Tuesday, May 27, 2014, 10:23

The broad-based National Stock Exchange index Nifty fell by 62.45 points, or 0.85 percent, to 7,296.60.

Individuals' spending limit abroad may be hiked to $200K

Last Updated: Saturday, May 24, 2014, 21:47

Giving more freedom to individuals travelling abroad, they may soon be allowed to spend USD 2 lakh overseas in a year as against the present ceiling of USD 75,000.

Growth, inflation, deficits key challenges for new govt: Rajan

Last Updated: Thursday, May 15, 2014, 19:32

The new government will face four big challenges -- subdued growth, the fiscal and current account deficits and sticky inflation, RBI Governor Raghuram Rajan said on Thursday.

Emotional Chidambaram bids adieu to Finance Ministry

Last Updated: Thursday, May 15, 2014, 18:15

An emotional P Chidambaram on Thursday bid adieu to the Finance Ministry, which he had served thrice, with a promise that he would continue to remain active in public life.

Gold imports down 74% to $1.75 billion in April

Last Updated: Sunday, May 11, 2014, 11:54

Gold imports declined over 74 percent to USD 1.75 billion in April due to restrictions imposed by the government on inbound shipments of the precious metal to narrow the current account deficit.

India's gem and jewellery imports drop 9% in 2013-14

Last Updated: Thursday, May 01, 2014, 17:36

India's imports of gems and jewellery fell by 9 percent to Rs 1,85,883 crore in 2013-14 on a sharp decline in shipments of gold bars and jewellery due to government curbs, the industry body said.

India's gem and jewellery imports drop 9% in 2013-14

Last Updated: Thursday, May 01, 2014, 17:31

India's imports of gems and jewellery fell by 9 percent to Rs 1,85,883 crore in 2013-14 on a sharp decline in shipments of gold bars and jewellery due to government curbs, the industry body said.

Fiscal deficit in Apr-Feb at 114.3% of full year target

Last Updated: Monday, March 31, 2014, 19:55

The deficit, which is the gap between expenditure and revenue, was 97.4 percent during April-February a year ago.

Lower CAD limits India's exposure to global shocks: Moody's

Last Updated: Wednesday, March 26, 2014, 16:06

Fall in high Current Account Deficit (CAD) limits India's vulnerability to global financial market volatility although elevated inflation still poses risks, says rating agency Moody's.