Trading options for sovereign gold bonds include selling on stock exchanges or early redemption through the government's repurchase scheme. (AI image) Gold prices at record high! Investors in Sovereign Gold Bonds (SGBs) are considering selling their holdings as gold prices reached Rs 1 lakh per 10 gm on Monday, showing a 26% increase since January…
The World Bank on Wednesday revised India’s GDP growth forecast for FY 2025-26 down to 6.3 per cent, a 0.4 percentage point cut from its previous estimate of 6.7 per cent. The downgrade reflects global economic headwinds and domestic policy uncertainties, according to the bank’s biannual South Asia Development Update titled Taxing Times.“In India, growth…
Indian and US officials are set to begin formal talks on a proposed bilateral trade agreement (BTA) in Washington on Wednesday (US time), aiming to resolve outstanding issues and advance negotiations, as reported by news agency PTI. The three-day talks mark the first face-to-face engagement under the agreed terms of reference, which span 19 chapters,…
With gold crossing the Rs 1 lakh mark – the important question in the minds of investors is – is the rally sustainable? (AI image) Gold prices have been skyrocketing and how! Gold MCX futures have breached the Rs 1 lakh mark, a historic first for the yellow metal. Gold has always been seen as…
Handbags, wrist watches, footwear and sportswear priced above Rs 10 lakh will now attract a 1% tax collected at source (TCS). In a notification released on April 22, 2025 the income tax department detailed categories which will now be subjected to this TCS.Although TCS doesn’t result in any additional revenue, the move is aimed at…
The United States on Wednesday launched a fresh attack on China’s economic approach, calling its export driven model “unsustainable,” which harms not only China but also the rest of the world. Speaking at the IIF Global Outlook Forum in Washington, US treasury secretary Scott Bessent stressed rising concerns around trade imbalances that US President Donald…
The Institute of Chartered Accountants of India (ICAI) has decided to review the financial statements of Gensol Engineering Ltd and BluSmart Mobility Pvt Ltd for the financial year 2023–24, following serious allegations of financial misconduct and governance lapses involving the two companies.The move was confirmed by ICAI president Charanjot Singh Nanda, who said the decision…
India has delivered an economic blow to Pakistan after the deadly terrorist attack on tourists in Pahalgam that claimed 28 lives, announcing the immediate closure of the Integrated Check Post (ICP) at Attari.The decision was taken by the Cabinet Committee on Security and was announced by foreign secretary Vikram Misri on Wednesday.“Those who have crossed…
By all appearances, Donald Trump is looking for a way out. Just months into his second presidency, the US President is signaling a retreat – or at least a recalibration – on one of his most aggressive economic fronts: the trade war with China.At a White House press conference on Tuesday, Trump appeared to temper…
Boeing on Wednesday said that China has “stopped taking delivery” of its aircraft, as tensions between Washington and Beijing over tariffs continue to disrupt the global aviation market.The company will now begin marketing the planes to other airlines after Chinese carriers returned the planes, Aerospace giant CEO Kelly Ortberg said in an interview with CNBC.Boeing…
