India isn’t planning to raise tax on gold imports from the current 10% as it may lead to an increase in illegal shipments.
The tariff plan has been deferred to Nov. 2, according to a notification from the finance ministry.
India to Consider Merging Three State-Run Banks to Cut Bad Loans
A panel headed by Finance Minister Jaitley recommended a merger that will result in third-largest lender in the country by loans.
The finance ministry and RBI are in touch and the central bank is intervening in the currency market when needed, sources said.
Life Insurance Corp. of India will next week decide on taking control of IDBI Bank.
India has identified over 40 items where it’s in a position of advantage to replace or capture U.S. trade market share with China.
Company says it hasn’t received any missive from ministry.
A panel of Indian ministers will meet to consider objections by several departments against an Asian trade pact.
India’s GST is just over one-year-old and the panel has already revised rates several times.
A tax panel will decide July 21 whether to approve the proposal to levy a 28 percent tax on aviation fuel.
Indians’ love affair with gold is cooling.
India Joins China, Europe in Hitting Back at Trump on Trade
India may cut down on issuance of shorter-maturity bonds, a senior government official said.
Government to revise road map for Air India sale after first attempt ended with zero bids.
India’s gold imports shrank 39 percent in May, according to a person familiar with the information.
Modi’s offer to sell flag carrier Air India attracted zero interest from investors.
India may scrap incentives aimed at boosting exports of certain products after U.S. complained to the WTO.
The probe is a setback to AirAsia’s expansion.
Gold imports by India declined in April, falling for a fourth month amid lackluster sales.
Gold imports by India, the largest market after China, fell by almost half last month.