[ad_1] Gold is a strange metal-or to quote Thomas Moore’—gold, which in itself is so useless a thing, should be everywhere so esteemed, that even men for whom it was made and by whom it has its value, should yet be thought of less value than it is’. It has limited industrial use. In its […]
Overall a welcome budget, but a GST waiver on lifesaving drugs would have been ideal: Kiran Mazumdar-Shaw – CNBC TV18
[ad_1] The waiver of basic customs duty for many life-saving drugs for cancer, rare diseases and chronic diseases announced in the Union Budget is an important step towards reducing the cost of treatment for patients and is a welcome move. However, in order to truly benefit patients on a large-scale, exemption of GST on such […]
India to use AI analytics to calculate trade data – CNBC TV18
[ad_1] India is developing an AI-based data analytics system to improve the speed and accuracy of trade data calculations. Company Value Change %Change Commerce Secretary Sunil Barthwal has announced that a Standard Operating Procedure (SOP) is being formulated to enhance coordination between the Directorate General of Commercial Intelligence and Statistics (DGCIS) and existing trade monitoring […]
India hikes customs duty on crude, refined sunflower, soybean oil – CNBC TV18
[ad_1] The Indian government on Friday (September 13) hiked customs duty on crude and refined sunflower oil to 20% and 32.5%, respectively. According to a finance ministry notification, the basic customs duty on crude palm, soybean and sunflower seed oil has been increased from nil to 20%. Basic customs duty on refined palm, soybean and […]
Gold prices below ₹70,000 per 10 grams, silver near ₹84,000 per kg: Should you consider buying now – CNBC TV18
[ad_1] The price of 24-carat gold slipped by ₹10 in early trade on Friday (July 26), with ten grams selling at ₹69,810, according to the GoodReturns website. Silver also dropped by ₹100 to sell at ₹84,400 per kilogram. This downward trend in gold and silver prices has raised questions about whether now is the right […]
Budget 2024: Gold and silver to become cheaper as customs duty cut to 6% – CNBC TV18
[ad_1] Finance Minister Nirmala Sitharaman announced a significant reduction in basic customs duties on gold, silver, and platinum, as part of the Union Budget 2024-25. The customs duty on gold and silver will be reduced to 6%, while the duty on platinum will be lowered to 6.4%. This decision addresses a longstanding demand of the […]