India’s gold and silver imports from its free trade agreement (FTA) partner UAE have skyrocketed 210 per cent to $10.7 billion in 2023-24 and there is a need to potentially revise the concessional customs duty rates under the pact to mitigate the arbitrage driving this surge, a report said on Monday. Economic think tank Global Trade Research Initiative (GTRI) said this sharp rise in gold and silver imports is primarily driven by import duty concessions granted by India to the UAE under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
Posts tagged Rediff
Sebi plans tougher futures and options stock rules (17-06-2024)
The Securities and Exchange Board of India (Sebi) has proposed stricter eligibility criteria for adding and retaining stocks in the futures and options (F and O) segment, which accounts for the bulk of the trading volumes. The proposal-which comes six years after the securities regulator last revised the stock selection framework—is much awaited by the market players as the derivatives stock list has largely remained stagnant for the last two years.
Hero MotoCorp: Rural recovery to power market share (17-06-2024)
Hero MotoCorp, a major player in the two-wheeler market, has seen a 9 per cent rise in its stock since the beginning of the month. This increase, driven by the largest motorcycle company by volume, is attributed to expectations of a revival in rural sales due to normal monsoons, government measures to boost consumption, recent market share gains, and a large valuation discount compared to peers. In the near term, the company’s volume performance and growth trajectory, particularly in rural markets and entry-level segments, are expected to be key drivers.
India Inc’s top line struggled but profit rose 25% (17-06-2024)
The post-Covid pandemic boom in corporate revenues appeared to have faded away in 2023-24. Yet, companies have reported a sharp recovery in their profits in FY24, driven by high margins. Their combined net sales, including gross interest income for lenders, rose by a modest 4.8 per cent year-on-year (Y-o-Y) in FY24.
How WCT20 Can Help Boost Trade (17-06-2024)
Global consumer preferences can be influenced through music, films, literature, yoga and sports because they create interest and a sense of familiarity that can help our businesses to access foreign markets, suggests T N C Rajagopalan.
D2C brands hitch a ride on the quick commerce wagon (17-06-2024)
As quick-commerce players find their foothold among consumers, brands are all set to step up their presence on these platforms.
Can Modi 3.0 Keep Inflation In Check? (17-06-2024)
Increased production of pulses, oilseeds, and cereals will help boost domestic supplies and contribute to keeping inflation low in the coming months.
Can Modi 3.0 Keep Inflation In Check? (17-06-2024)
Increased production of pulses, oilseeds, and cereals will help boost domestic supplies and contribute to keeping inflation low in the coming months.
Railways To Begin Hiring Again (17-06-2024)
With a large number of Indian youth aspiring to work in the railways, delays in filling up railway job vacancies were a point of criticism against the BJP in the run-up to the elections.
What Will Keep Nirmalaji Busy This Year? (17-06-2024)
Fresh plans of privatisation or divestment in central public sector enterprises and public sector banks might take a back seat this financial year because these may require a large consensus among coalition partners.