During the month, gold imports surged 331% on year to $14.8 billion, the highest ever, giving rise to doubts whether the numbers have been overstated.
In April-November 2011, due to problems in the recently upgraded software, the exports were overstated by $9 billion. The numbers were revised a month later.
Overall gold imports have been high this financial year after the Budget in July that cut import duties to 6% from 15%. Imports crossed $10 billion in August this year. In November there has been no such trigger nor a festive or wedding season.
هذه القصة مأخوذة من طبعة December 20, 2024 من Financial Express Delhi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 20, 2024 من Financial Express Delhi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Apple concedes smartwatch market leadership to Huawei
CHANGING DYNAMICS OF WEARABLES INDUSTRY
Bollywood's investments in startups decrease sharply to $3.6 mn in 2024
Investments by Bollywood celebrities in startups came down sharply in the current calendar year to $3.6 million against $28.5 million last year, data shared by Tracxn showed. In 2022, such investments stood at $87.9 million.
India-Pak ICC matches at neutral venues
THE DEADLOCK OVER the hosting of next year's Champions Trophy finally ended on Thursday when the ICC announced that India will play their matches of the 50-over event at a neutral venue instead of host country Pakistan, which will get a similar arrangement for tournaments to be held in India till 2027.
PSU majors commit big investments in Bihar summit
The Bihar Business Connect 2024 summit evinced huge corporate response on Thursday with some top state-run firms making major investment announcements, including a plan to establish a maiden nuclear power project in the state.
HDFC Securities sets Nifty target at 26,482 for 2025
Brokerage house also raised concerns about the reaction of young and retail investors, who have only seen positive returns in the past few years, in a moderate return scenario
Digital marketplace integration catalysing growth of MSME
MICRO, SMALL, AND Medium Enterprises (MSMEs) form the backbone of many economies, contributing significantly to employment, GDP, and inclusive growth.
India job market poised to grow 9% in 2025: Report
RETAIL, TELECOM AND BFSI TO LEAD HIRING: FOUNDIT
Book Rahul Gandhi for assault: BJP to police
THE SHOWDOWN ON the premises of Parliament on Thursday reached police within hours with the BJP accusing Rahul Gandhi, Leader of Opposition in Lok Sabha, of \"physical assault\" and \"incitement\" while the Congress, in a counter-complaint, alleged that BJP MPs caused injuries to Mallikarjun Kharge, Leader of Opposition in Rajya Sabha, by pushing him to the ground.
Fed's 2025 signal roils D-Street
THE SENSEX HAS lost 3.55%, or 2,915 points, in the last four trading sessions, eroding investment wealth of over ₹10 lakh crore (in three sessions).
Book Rahul Gandhi for assault: BJP to police
CHARGES FLY AFTER UGLY SCENES IN PARLIAMENT
