Import of gold, silver gets cheaper

January 1, 2013

New Delhi Jan 1: The government today slashed the import tariff value of gold and silver marginally to $539 per 10 gm and $979 per kg, respectively, amid volatile movement in the global prices of precious metals.

The tariff value, which is released fortnightly, is the base price on which the customs duty is determined to prevent under-invoicing. During December, the tariff value of gold was $550 per 10 gm, while silver was $1,062 per kg.

gold

The Central Board of Excise and Customs (CBEC) today issued a notification in this regard.

Apart from precious metals, the government has reduced the import tariff value of RBD palmolein and poppy seeds to $835 per tonne and $4870 per tonne, respectively.

Last month, tariff value of RBD palmolein stood at $872 per tonne, while poppy seed stood at $5,346 per tonne. However, the tariff value of brass scrap was increased to $4,090 per tonne from $4,069 per tonne.

The government decided to reduce the import tariff value of precious metals following volatile price trend in the international market.

In New York, precious metals have been seesawing in the last few days. Gold that ruled lower at $1,640 per ounce has risen to $1,680 ounce and currently ruling at $1675.20 per ounce. Similarly, silver prices were in the range of $29-30.8 per ounce.

However in the national capital, precious metals remained firm. Gold rose by Rs 155 to Rs 31,145 per 10 gm, while silver by Rs 740 to Rs 57,740 per kg today.

Traditionally, India has been the world's largest consumer and importer of gold. However, doubling of the excise duty to 4% in the last budget and the curbs that RBI imposed on gold loan value (down from 85-90% of the value of jewellery to 60%) and banning banks from funding gold purchase by loan companies have led to sharp drop in imports this year.

In April-October, gold imports declined 35% year-on-year and overall imports is set to drop over 17% to 800 tonnes this year.

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Muslim population rose in India because they got 'special rights': Yogi Adityanath

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January 15,2020

Jan 15: Uttar Pradesh Chief Minister Yogi Adityanath said on Tuesday that the Muslim population in India increased manifold since the partition because they were given special rights and facilities, according to a report by The Indian Express.

"The Muslim population in India has increased manifold since 1947, it has gone up by seven to eight times. No one has any objection. If they, as citizens of the country, work for development, they are welcome. Their population has increased because they have been given special rights and facilities. All possible steps were taken to ensure their growth," Adityanath said while addressing a rally in Gaya organised by the BJP in support of the Citizenship (Amendment) Act.

He asked the audience, "But what happened in Pakistan?" Claiming that the Hindu population in Pakistan had decreased since 1947, he asked why it was so.

Yogi said that the countrywide anti-CAA protests are a "conspiracy" hatched from afar by those resentful of a united and grand India and these are being aided by a "crooked" opposition. He further charged that those opposing the legislation were committing the "paap" (sin) of working against national interests.

"For taking such a step, Prime Minister Narendra Modi and Home Minister Amit Shah deserve acclaim. Instead, they are being attacked", Yogi lamented.

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He himself contradicts his statements. He claims the Muslim population rose 8-9 (according to him) times since 1947. If he was educated its simple 73 years have passed the population grows. Still, the Muslim population is only a minority against the majority. He talks about special rights and facilities given yes agreed but not by him it's by the Constitution of India and for all the minorities. So it's not you its Constitution of India. The majority of the people are against the act CAA is against the very fundamental of the Constitution of India which PM & HM are taking away from the people. If you disagree, disrespect, go against it then you are against the country itself in Hindi deshdruhi.

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Fuel prices hit new high, petrol hiked by 53 paise, diesel By 64 paise for 12th consecutive day

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June 18,2020

New Delhi, Jun 18: For the 12th consecutive day, state-run oil marketing companies (OMCs) has increased the price of fuel on Thursday.

The price of petrol is increased by 53 paise a litre while that of diesel by 64 paise a litre.

Petrol and diesel will now cost Rs 77.81/litre and Rs 76.43/litre respectively in Delhi.

Notably, oil marketing companies have been adjusting retail rates in line with costs after an 82-day break from rate revision amidst the COVID-19 pandemic. These firms on June 7 restarted revising prices in line with costs.

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India Records Highest Single-Day Spike with 22,771 New COVID-19 Cases

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July 4,2020

New Delhi, July 4: India on Friday reported its highest single-day spike of COVID-19 cases with 22,771 cases reported in the last 24 hours, said the Union Ministry of Health and Family Welfare.

With these new cases, India's coronavirus cases tally has gone up to 6,48,315, out of which there are 2,35,433 active cases in the country and 3,94,227 cases have been cured/discharged or migrated.

As many as 442 deaths due to COVID-19 have been reported in the last 24 hours taking the number of patients succumbing to the deadly virus across the country to 18,655.

As per the Union Health Ministry, Maharashtra -- the worst affected state due to COVID-19 -- has a total of 1,92,990 cases which is inclusive of 8,376 deaths. Meanwhile, Tamil Nadu, the second worst-affected state, has a total of 1,02,721 cases and 1,385 fatalities. Delhi's tally of coronavirus cases stands at 94,695 which is inclusive of 2923 deaths due to the virus.

The Centre said that the recovery rate has further improved to 60.80 per cent. The recoveries/deaths ratio is 95.48 per cent : 4.52 per cent.

The Indian Council of Medical Research, earlier on Saturday, said that the total number of samples tested up to July 3 is 95,40,132, out of which 2,42,383 samples were tested yesterday.

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