For UAE gold trade, India’s duty hike is a blessing

Dubai: India’s latest budget offers UAE’s gold and jewellery retailers a surprise gift… and they intent to make full use of it. By raising the import duty on gold to 12.5 per cent from 10 per cent, buying gold in India has become 2.5 per cent more expensive than in the UAE. This is the […]

Indian budget 2019-2020 through the eyes of NRIs in UAE

As India’s Finance Minister, Nirmala Sitharaman ditched the traditional British-era briefcase for a red cloth folder and presented her first budget to the nation and the world, closer home in the UAE, non-resident Indian businessmen, service professionals, home-makers sat glued to their television sets listening to the country’s first woman finance minister deliver a well-crafted […]

India budget 2019-2020 scores high on clarity, lacks the big boost

Dubai: India’s full year budget for fiscal year 2019-2020, that came after the government tabled the Economic Survey, which targeted a 7 per cent GDP growth for the current year and emphasised on employment creation, has come with hardly any big proposals to boost both economic growth and job creation, two big challenges India is […]