Lower customs duty on gold to curb smuggling, benefit retail jewellers in India

New Delhi: The Union Budget 2020-21 proposal to reduce customs duty on gold and silver will curtail the increasing trend of smuggling of these precious metals in the country, India Ratings and Research has said. Accordingly, the Budget has proposed to reduce the customs duty on gold and silver to 7.5 per cent from 12.5 […]

US: Yellen seeks to ‘understand deeply’ GameStop frenzy as market regulators meet

Washington: US Treasury Secretary Janet Yellen said on Thursday that she and financial market regulators needed to “understand deeply” what happened in the recent trading frenzy involving GameStop Corp and other retail stocks before taking any action. Yellen, who is convening a meeting of top market regulators on Thursday, told ABC’s Good Morning America: “We really need […]