Gold smuggling in India reaches about 50 tonnes as import duty gap widens

·1 views

A World Gold Council report estimates that gold smuggling in India rose to roughly 50 tonnes in the September quarter. That compares with only about three tonnes in the same period a year earlier. The sharp increase is linked to higher import costs, which have created a wider price gap between domestic and international markets. The report suggests that the duty-driven incentive to bring gold in illegally has had unintended effects on the market.

Read the full story at Times of India

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Agniveers to Get Two-Year Service Extension and Chance to Join Armed Forces

The government has announced a two-year extension of service for Agniveers, the recruits under the Agnipath scheme. The move also opens a pathway for them to be considered for permanent entry into the regular Armed Forces. The decision is aimed at giving serving Agniveers additional tenure and greater career opportunities after their initial term. Details of the eligibility criteria and implementation were outlined in the official announcement covered by the Indian Express.

0 comments Read more at Indian Express

IndiaTimes of India ·

Rahul recalls first meeting with Sidhu Moosewala, describing walking in with tattoos

In a recollection shared in a Times of India report, Rahul describes his first encounter with the late Punjabi singer Sidhu Moosewala. He says he walked into the room with visible tattoos, a detail he remembers from that meeting. The account offers a personal glimpse into the early interactions between the two. The article's full text was not provided, so the broader context of the meeting and its timeline could not be confirmed.

0 comments Read more at Times of India

IndiaTimes of India ·

Kohli's 74 and Arshdeep's four wickets power India past New Zealand

India beat New Zealand by five wickets in the opening one-day international of the series. Virat Kohli contributed an innings of 74 runs, which was key to the chase. Arshdeep Singh took four wickets as India's bowling restricted New Zealand to 185 despite rain interruptions. Kohli added a partnership with Shubman Gill that steered India through the revised target set under the Duckworth-Lewis-Stern method. The win gives India the lead in the five-match series.

0 comments Read more at Times of India

IndiaTimes of India ·

Former King Charles III Racehorse Point of Law Wins Melbourne Cup

Point of Law, a three-year-old once owned by King Charles III, won the prestigious Melbourne Cup at Flemington. Trainer Ciaron Maher had a remarkable day as his horses claimed the top three finishing positions. The win came after the horse's impressive debut victory at the Geelong Cup, which had built strong anticipation for the race. The article reports that the horse had been sold by the King months before its triumph.

0 comments Read more at Times of India