Indians, the world’s largest bullion hoarders, can deposit gold — even in tiny quantities of 30 grams each — in a bank account and earn a tax-free interest on it if the latest draft gold monetisation scheme is put into effect soon, reports fe Bureau in New Delhi. </br><br> The finance ministry released the draft on Tuesday, which is aimed at bringing in more household stocks of gold to the financial system on a sustainable basis and curb the debilitating impact of its imports on trade balance. The move follows announcements to this effect by finance minister Arun Jaitley while presenting the Budget for 2015-16. -
The benchmark BSE Sensex on Tuesday saw its first drop in three sessions, falling over 41 points due to profit-booking in auto, oil & gas, PSU and banking stocks, ignoring a rising trend in global markets.
Vodafone India on Tuesday reported a 12.6 per cent jump in its total revenue at Rs 42,526 crore for the fiscal ended March 31, driven by strong customer additions and growth in data revenues. -
Export of Gems and Jewellery
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Indian rupee recovered by 5 paise to close at 63.67 against the American currency on fag-end selling of dollars by banks and exporters.
‘I’m regretting it…makes me feel suffocated’: Employee shares struggles after switching from remote to office job
