'We have about Rs 4 lakh crore debt on a state budget of about Rs 1.5 lakh crore.''We are in a debt two-and-a-half times our annual budget,' says the banker who would have been Tamil Nadu's finance......
India's gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council.......
The demand for gold is expected to take a hit if the price of the yellow metal — which has been hovering around Rs 60,000, a level never seen before — remains elevated. Illustration:......
Retail investment demand for gold bars and coins as well as central bank purchases pushed the global gold demand by 28 per cent to 1,181.5 tonnes in the September quarter, according to the World......
The government has hiked gold import duty to 15 per cent from 10.75 per cent to check the current account deficit (CAD) and rising import of the yellow metal. Illustration: Dominic......
India's gold demand declined 18 per cent to 135.5 tonnes in the first three months of this year, mainly due to a sharp rise in prices, according to the World Gold Council (WGC). Photograph: Petar......