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India’s market regulator is proposing to launch a dedicated gold exchange and is seeking market feedback on the move, which it deems “extremely necessary” in a country that is the world’s second largest gold consumer.
“While the trading will be in electronic receipts of gold, the delivery would be in physical form in various parts of India,” the Securities and Exchange Board of India (Sebi) says in a consultation paper published on May 17. “The proposed gold exchange is extremely necessary to create a vibrant gold ecosystem in India which is commensurate with its large share of global gold consumption.”
Friday, 12:13, 07/05/2021
VOV.VN - India has chosen not to place anti-dumping taxes on some artificial fiber products, including viscose spun yarn imported from countries such as Vietnam, according to details released by the Trade Remedies Authority of Vietnam.
This comes after the Trade Remedies Authority of Vietnam received information on May 6 about the Indian Ministry of Finance s decision to not impose anti-dumping duties on a number of artificial fiber products which originate from China, Indonesia, and Vietnam.
Previously on December 30, 2020, India’s Ministry of Commerce and Trade had issued their final investigation into the case, while the Indian Ministry of Finance subsequently proposed imposing anti-dumping duties of between US$0.25 and US$0.8 per kilo on these products. In line with this suggestion, it was put forward that anti-dumping taxes on Vietnamese items should be at US$0.41 per kilo.
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