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Business community urge for repealing PIDC to promote trade activities in province

Silver imports during the month, however, dipped by 88.53 per cent to about $11.9 million. The rise in gold imports pushed the countrys trade deficit to $15.1 billion in April 2021 as against $6.76 billion in the same month a year ago. Jump in demand According to industry experts, increasing domestic demand is pushing up imports of gold, however, the second wave of COVID-19 may impact the demand in the coming months. Akshaya Tritiya, a highly auspicious day to purchase gold, also saw muted sale...

Read more about Gold import jumps to $6.3 bn in April due to surge in domestic demand on Business Standard. Gold import, which has a bearing on the countrys current account deficit, zoomed to $6.3 billion for the month of April due to a surge in domestic demand, according to the Commerce Ministry data.

Akshaya Tritiya, a highly auspicious day to purchase gold, also saw muted sales this year

Silver imports during the month, however, dipped by 88.53 per cent to about $11.9 million.

Read more about SME Chatroom: Import of Covid-19 vaccine will attract Integrated GST on Business Standard. The notification no.28/2021-Cus dated April 24, 2021 does not exempt IGST leviable on medical goods

We had obtained an EPCG authorisation in March 2016, i.e. in the year 2015-16. The stipulation of annual average exports was based on exports made during 2012-13, 2013-14 and 2014-15. In 2015-16, we could not achieve even the annual average exports, as the authorisation was issued in March 2016 and the capital goods were imported under the authorisation in the year 2016-17. Can we approach the EPCG committee to re-fix the annual average on the basis of exports made during 2013-14, 2014-15 and 2...

Gold imports jump 23% to $34.6 billion in 2020-21 SECTIONS Last Updated: Apr 18, 2021, 01:02 PM IST Share Synopsis Despite growth in gold imports, the countrys trade deficit narrowed to $98.56 billion during 2020-21 as against $161.3 billion in 2019-20. Agencies Related NEW DELHI: Gold imports, which have a bearing on the countrys current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the...

Gold imports, which have a bearing on the countrys current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data. Silver imports during the last fiscal, however, dipped by 71 per cent to about USD 791 million. Imports of the yellow metal stood at USD 28.23 billion (about Rs 2 lakh crore) in 2019-20, the data showed. Despite growth in gold imports, the countrys trade...

Shares of fertiliser companies extended their winning streak at the bourses amid a broad-based rally in the markets on Monday. Most of the stocks from the sector were outperforming today even as they have surged up to 68 per cent on the BSE over the past one week. Sentiment turned optimistic in the sector after rating agency ICRA reaffirmed credit ratings of the Rashtriya Chemicals and Fertilizers (RCF’s) instruments and revised outlook to positive from stable. The stock of RCF hit a fresh 52...