Gold heading towards Rs 45,000 per 10 grams level amid volatility in global markets

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Volatility in the global markets has once again brought gold back in focus, with the price of the yellow metal rising sharply worldwide. In India, it is approaching the Rs 45,000-level. This is a boon for investors holding gold exchange-traded funds and sovereign gold bonds (SGBs). At present, it is perhaps the only instrument to be providing […]

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World Gold Council pitches for bullion banks in India to boost trade

In a report titled ‘The need for Bullion Banking in India’, the WGC has recommended that banks or similar institutions be given flexibility to launch gold-backed products, with appropriate checks and balances. The report has been submitted with the government, which has been planning to come out with a broad gold policy. WGC managing director […]

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Mango exports may hit 50,000 tonne this season; South Korea, Malaysia among new markets

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With a good harvest expected this season, the country’s mango exports is expected to cross 50,000 tonnes. Last season, India exported some 40,000 tonnes. Mango exports to US have taken off in a big way with more than 1,000 tonnes expected to be exported this year, senior officials of the Maharashtra State Agriculture Marketing Board […]

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India urges basmati rice exporters to adhere to EU norms; exports set to grow

The Indian government has urged rice exporters to conform to the pesticides standards of the European Union (EU) for shipments to the bloc, Iceland, Liechtenstein, Norway and Switzerland. The European Commission had reduced maximum residues level for Tricyclazole to 0.01 parts per million (ppm) from 1 ppm for all crops effective January 1, 2018. Import […]

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India rejects US warning that it has violated cotton MPS scheme

India has expelled a counter warning issued by the US claiming that New Delhi’s Market Price Support (MPS) for cotton has broken the allowed levels of trade-distorting domestic support in the past seven years at the World Trade Organization (WTO). The US has alleged that India paid trade-distorting subsidies to its cotton farmers well in excess of the limit […]

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