Government considering raising excise on unrefined gold by 1%
This would particularly affect refiners based in Uttarakhand, where an excise concession has ensured the effective rate is 8%
Rising demand from solar power industry and 3 years of deficit should support prices
Consumption during the Dec quarter is estimated at around Rs 6,600 cr, which will take the metal's contribution to GDP to 1.8-1.9%
As refining picks up, govt seeks to promote exports
Interview with CFO, De Beers
Unrefined gold imports expected to touch 300 tonnes this year
Move prompted by tepid response to gold monetisation scheme in the fortnight since its launch
Enquiries about the scheme have not been picking up, even after a fortnight of the launch
Scheme aims at monetizing idle gold estimated around 22,000 tones with Indian households and temples
Price of sugar is still 8% less than a year before
The regulator has warned manipulators following complaints of unusual movement in prices of cumin, coriander and soybean
The finance ministry is believed to have suggested that jewellers could be allowed to do the work of assaying
BIS has so far audited four centres in Mumbai, three in Gujarat and two in Delhi; all major cities to be equipped with centres by the time the scheme is launched
Along with the GMS, gold coins engraved with Ashok Chakra will also be unveiled
At least 100 collecting centers would be ready when the scheme is launched on November 5, 2015
Relief for IIFL promoters; open offer to begin Thursday
Prices quoted at discount to cost of imports, worst scenario in last five years
India remains a net gainer from the slump in international commodities, even as exports take a knock
Its share in total demand increases from 62% two years ago to 77%