Gold demand in India has plummeted approximately 70% following the government’s decision to more than double the import duty on gold from 6% to 15%, effective May...
Part Of A Broader Push To Conserve Foreign Exchange Reserves Amid Geopolitical Uncertainty and Mounting Pressure On The INR
Higher Duties Could Increase Prices, Impact Exports, and Create Liquidity Pressure For MSME Manufacturers Due To Rising Working Capital Requirements
Council Proposes Lower Caratage Jewellery, Revival Of Gold Monetisation Scheme, and Export Incentives While Cautioning Against The Long-Term Impact Of Higher Import Duties