New Rules to sell hallmarked gold Artifacts

On January 14, 2020, the GoI announced that Indian jewellers shall be allowed to sell hallmarked gold artifacts that are made of 14, 18 and 22 carat gold alone. Also, it is mandatory for all jewellers to get compulsory hallmark. Currently gold hallmarking is voluntary. The mandatory ruling is to be implemented from January 15, ..

Month: Current Affairs - January, 2020

Category: India Nation & States Current Affairs

Topics: BIS • Gold • Gold Imports • Gold Purity • world gold council

Foreign Exchange reserve touches a new high of 451.08 billion USD

According to the weekly data released by the Reserve Bank of India, the foreign exchange reserve touched a new high of 451.08 billion USD. The foreign exchange currency assets include the depreciation or appreciation of the non-US currency like pound, Euro and Yen as well. Highlights The increase is mainly due to the rise in ..

Month: Current Affairs - December, 2019

Category: Economy & Banking Current Affairs

Topics: Currency Fluctuations • exports • Foreign currency assets • Foreign exchange reserves • Gold Imports • imports

Government bans import of gold, silver items from South Korea

The Directorate General of Foreign Trade (DGFT) in the Union Commerce Ministry has banned duty free imports of gold, silver items from South Korea. These restrictions were imposed against the backdrop of sudden surge in imports of precious metals from South Korea, with which India has a free trade agreement (FTA) since January 2010. Now, ..

Month: Current Affairs - August, 2017

Topics: DGFT • Directorate General of Foreign Trade • Free trade agreement • Gold Imports • India-South Korea • National • Trade