MUMBAI: Indian gold futures hit an all-time high on Monday, tracking gains in overseas markets and squeezing demand in the world’s second-biggest consumer of the precious metal, dealers said. Domestic gold futures rose to 69,487 Indian rupees ($834.07) per 10 grams, up nearly 10% so far in 2024. India’s gold imports are set to plunge by more than 90% in March from the previous month to hit their lowest since the COVID pandemic, a government official and two bank dealers told Reuters last week.
New Delhi: State-run fuel retailers on Monday slashed the price of non-subsidised liquefied petroleum gas (LPG) sold in 19-kg cylinders for commercial use by ₹30.50 per refill. The move came close on the heels of the government reducing cooking LPG prices by ₹100 per 14.2-kg cylinder, benefiting 320 million households days before the Lok Sabha poll dates were announced. Now, a non-subsidised 19-kg commercial gas cylinder used in hotels, restaurants and for industrial applications will cost ₹1,764.50 in Delhi, ₹1,879 in Kolkata, ₹1,717.50 in Mumbai and ₹1,930 in Chennai, according to Indian Oil Corporation’s (IOC) latest pricing data. Prices of…
The Ministry of Finance on Sunday clarified that there is no new change in the tax regime that is coming into effect from April 1. Just a day ahead of the interim budget’s income tax proposals coming into effect, the finance ministry debunked the spread of misinformation concerning the new tax regime. Late on Sunday, the Ministry of Finance shared a post on X (formerly Twitter), clearing the confusion over the new tax regime. In a detailed note, the ministry explained that the new tax regime has low rates but fewer exemptions and deductions. The Ministry of Finance wrote, “It…
New Delhi: Shedding light on visa appointments and the waiting time concerning them, the US envoy to India, Eric Garcetti, said that President Joe Biden told him to bring down the waiting time for it in India, adding that it was the first instance that an ambassador was told to look into something like this in any country. Mr Garcetti underscored that a part of the green card backlog issue is a legislative problem and said that it is what Congress will have to address. However, he highlighted that the number of visas that have been adjudicated has brought down…
Goemkarponn desk PANAJI: India Meteorological Department (IMD), Goa, has predicted light rain in a few isolated locations over the state on April 6. Known as pre-monsoon rainfall, these showers are a welcome break from the state’s ongoing dry spell. The IMD stated that although conditions are predicted to stay dry from March 31 to April 5 and that the maximum temperature will not significantly change over the next three days, there may be haze in certain areas in the early hours of April 1. Panaji recorded the lowest minimum temperature of 25.9 degrees Celsius on the final day of March,…
RELIEF FOR CONGRESS… — The matter, the court said, will be heard next on July 24. — I-T dept sought payment of tax dues amounting to a whopping ₹ 3,567 crore. — The central agency will take no coercive action against the Opposition parties during polls — Centre has collected ₹ 135 crore by attaching properties New Delhi: In a big relief to the Congress ahead of Lok Sabha polls, the Centre told the Supreme Court today that it will not act against the Opposition party to recover tax dues amounting to over ₹ 3,500 crore. The matter, the court…
New Delhi: Delhi Chief Minister Arvind Kejriwal will spend the next two weeks in jail in the liquor policy case after his Enforcement Directorate custody ends today. The probe agency did not seek custody of the AAP leader, after which a local court this morning sent him to jail till April 15. The court has also allowed him to meet his wife Sunita Kejriwal and ministers Atishi and Saurabh Bhardwaj before he is shifted to the Tihar Jail. Mr Kejriwal was arrested on March 21 in the alleged liquor policy scam after he skipped nine central agency summons, and has…
