Silver imports face stricter rules as government mandates DGFT approval
Imports of silver in the form of grains, powder and other forms containing 99.9 per cent silver have been placed under the restricted category, according to a government order
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The US proposes to impose an additional duty of 12.5% on goods for 54 countries, including India for failing to curb imports of goods made with forced labour.
USTR will hold hearings about the proposed actions in these investigations on July 7
For nearly a century, the United States has prohibited the importation of goods made with forced labor. It is time for our trading partners to follow suit.
Today, Ambassador Greer determined that the acts, policies, and practices of 60 economies related to the failure to prohibit the importation of goods produced with forced labor is unreasonable and burdens or restricts U.S. commerce.
Learn more about submitting public comments regarding the proposed responsive action: https://t.co/8Su5baWqA1
RBI May Have Sold Gold Amid Rising Capital Outflows:
Abhishek Gupta, Senior India Economist at Bloomberg Economics, estimates that the RBI sold gold worth around $12 billion in the two weeks ended May 22 while purchasing approximately $7.5 billion in foreign-currency assets.
The assessment is based on publicly available reserve data and comes at a time when rising crude oil prices and persistent capital outflows are weighing on India's external position.
According to Gupta, the decline in gold holdings occurred despite a recent increase in import duties on the precious metal, a factor that would normally support the value of the RBI's bullion reserves. This, he says, points to the possibility that the central bank was actively selling gold
Google which is cash surplus, just announced an additional capital raise of $80 bn.
Google annual profit is $160 bn, last quarter $62 bn, and market cap $4.5 trillion. That is close to total profits and market cap of all Indian listed companies put together.
It’s a wake up call to all companies to invest into the future, whatever the present maybe.
Now that IPL is done and dusted, time for India to focus on business of business.
This is an excellent interview btw
Nicolai (Norwegian Sovereign Wealth Fund CEO) asks the IBM CEO if AI a bubble
Listen very very carefully to his answer
Sources to #Moneycontrol | Noel Tata raises concerns about growth outlook for #TataDigital
👉Tata Sons mgmt sought nod for ₹7,000 cr eq infusion into digital consumer biz at May 26 Bd meet
👉Projections indicate, these biz may continue to report losses of ₹9,000 cr over next 3 financial yrs
CBSE’s On-Screen Marking (OSM) system is under intense scrutiny as the re-evaluation and verification portal remains non-operational despite assurances.
Students and parents are reporting continued “under maintenance” status on the website.
@_kritika_tiwari joins @Swatij14 with more details.
The centre government managed to collect Rs 33.42 lakh crore revenue, or 98.8 per cent of the revised Budget Estimates (RE) for FY26, says the CGA data released Monday.
Uttar Pradesh | As per the instructions of the Government of India and the information of the Regulatory Commission, electricity bills may increase by 10% in the month of June due to surcharge on increased fuel prices.
"...Fuel and Power Purchase Adjustment Surcharge (FPPAS) calculated for the month of March, 2026 as per regulation is to be charged in the month of June, 2026. FPPAS chargeable is 10% for the month of March, 2026 to be charged in the month of June, 2026. I have been directed to request you to implement the sarite for all categories of consumers as per provision of the regulation..," reads a release by UP Power Corporation Limited
India captured the global smartphone market share.
Now, PLI 2.0 is about winning the supply chain. Time to push local value addition past 55%. 📲
With PLI 1.0 wrapping up, the Finance Ministry and MeitY are tightening the screws for the next phase. The Expenditure Finance Committee is demanding stricter localization thresholds.
The Core Blueprint:
📍 PLI 2.0 will aggressively subsidize companies localizing high-value components (display assemblies, camera modules, batteries). It aligns perfectly with the 75 component manufacturing facilities currently being built under the ₹40,000 Cr ECMS umbrella.
📍 The Numbers: India is aiming to leapfrog from 18-20% local value addition to over 55%. This sits on top of a massive foundation: the previous scheme generated ₹11.01 Lakh Cr in total production, exceeding it's initial benchmark at 136%.
📍 While ratings firms like ICRA note that a 55% target is highly ambitious for a still-developing ecosystem, this is a necessary structural play.
By linking cash payouts strictly to domestic sourcing rather than raw sales volumes, India is building a sticky, self-sustaining silicon and electronics ecosystem that cannot be easily displaced by regional competitors.
#MakeInIndia
By @Subhayan_ET@anu1122