First trade data review since 2011 likely
Financial Express Mumbai|December 20, 2024
IT COULD BE a throwback to 2011 for the commerce ministry as it is having a relook at gold import data for November.
FE BUREAU
First trade data review since 2011 likely

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 Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 20, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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Pushpa 2 hits ₹990 cr in India, ₹1,500 cr worldwide
Financial Express Mumbai

Pushpa 2 hits ₹990 cr in India, ₹1,500 cr worldwide

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More than 15% of super-rich in India are under 30: Report
Financial Express Mumbai

More than 15% of super-rich in India are under 30: Report

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Jaipur crash triggers blast
Financial Express Mumbai

Jaipur crash triggers blast

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Bhagwat: Ram temple is a matter of faith
Financial Express Mumbai

Bhagwat: Ram temple is a matter of faith

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ED books KTR in Formula-E case
Financial Express Mumbai

ED books KTR in Formula-E case

THE ENFORCEMENT DIRECTORATE on Friday filed a money laundering case against BRS leader K T Rama Rao and some others in a case linked to alleged payment irregularities during the Formula-E race held in Hyderabad in February 2023, official sources said.

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Chaotic winter session ends amid brawls and protests
Financial Express Mumbai

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A City sensation, but can it Amaze your Dzire for a car?
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New Amaze is as luxurious as old City, but lacks features like USB-C socket, 360-degree camera, auto-dimming cabin mirror, and sunroof

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Five-time Haryana CM Chautala dies at 89
Financial Express Mumbai

Five-time Haryana CM Chautala dies at 89

INDIAN NATIONAL LOK Dal (INLD) supremo and five-time Haryana chief minister Om Prakash Chautala, patriarch of one of the most influential political families of the state, died of cardiac arrest at his Gurugram residence on Friday. He was 89.

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