Gold import volume dips 18%, silver surges 56%

NEW DELHI: Despite the surge in gold and silver imports upsetting the trade balance, the trends for the two precious metals are very different. With the average price of gold rising nearly 25% on a year-on-year basis to $94,554 a kg during April-Dec, buyers became cautious, resulting in demand falling. Data released by the commerce…

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PM inaugurates Delhi-Dehradun economic corridor | India News

Prime Minister Narendra Modi on Tuesday inaugurated the Delhi-Dehradun economic corridor, which will cut travel time between the two cities to nearly half.The 213 km-long six-lane access-controlled Delhi-Dehradun economic corridor has been built at a cost of over Rs 12,000 crore.The corridor traverses through the states of Delhi, Uttar Pradesh and Uttarakhand, and will reduce…

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Rail funding: IRFC extends Rs 9,821 crore loan to DFCCIL; World Bank debt refinanced in rupee terms

Indian Railway Finance Corporation (IRFC) has provided a Rs 9,821 crore loan to the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) to refinance its foreign currency debt taken from the World Bank for the Eastern Dedicated Freight Corridor project, PTI reported.The rupee-denominated term loan agreement was signed between Rahul Kapoor, Director (Finance), DFCCIL, and…

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Rice Kernels: Government suspends fortified rice rollout in welfare schemes citing shelf-life concerns | India News

NEW DELHI: The Centre has decided to “temporarily discontinue” the fortification of rice distributed under the free foodgrain scheme (PMGKAY) and other welfare schemes, following a comprehensive review of its implementation and effectiveness.The decision was taken on Friday after a study conducted by IIT-Kharagpur, which assessed the shelf life of Fortified Rice Kernels (FRK) and…

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