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RBI eases gold import norms

The Reserve Bank has eased the restrictions on gold imports by scrapping the 80:20 scheme, under which it was mandatory to export at least 20 per cent of the imported metal. The move is expected to bring down the price of the precious metal.The 80:20 scheme was put in place in August last...


India's GDP growth slows to 5.3 % in second quarter

The Indian economy grew at a rate of 5.3 per cent in July-September quarter on account of improved performance of mining, power and certain services sectors. The Gross Domestic Growth in the second quarter was better than 5.2 per cent of the same period last fiscal but was slower than 5.7 per cent r...


Global crude oil prices plunge

Global crude oil prices sold-off again, today. Brent crude oil futures slumped to an over four-year low of 71.12 dollars a barrel. U.S. crude oil also dropped to an over four-year low of 67.75 dollars a barrel. Oil tumbled after the Organization of Petroleum Exporting Countries yesterday decided no...


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