The Debasement Trade is the new buzzword in town. As recently as last Thursday, legendary investor Ray Dalio and founder of Bridgwater associates, one of the world’s largest and most-famous hedge funds, termed gold as the “safest money.” A month ago, he had also explained why current times are like the early 1970s and investors…
SBI, which became a Trading-cum-Clearing Member at IIBX in 2024, aims to facilitate seamless bullion imports while supporting GIFT City’s rise as a global financial hub | Photo Credit: State Bank of India (SBI) on Saturday announced executing its inaugural gold trade as a special category client (SCC) on the India International Bullion Exchange (IFSC)…
Gold prices extended their decline for the second consecutive week as improved global risk appetite, a strong dollar, and the US Federal Reserve’s cautious tone of further rate cuts have dampened the demand for safe-haven asset. On the Multi Commodity Exchange (MCX), gold futures for December delivery plunged ₹2,219, or 1.8 per cent, over the…
Deep in the Amazon, Indigenous women say they fear getting pregnant. Rivers that have been the lifeblood of their people now carry mercury from illegal gold mining, threatening the health of their unborn children. “Breast milk is no longer reliable,” said Alessandra Korap, a leader of the Munduruku people. At Sai Cinza, a Munduruku community…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Gross GST collection increased 4.6% to about ₹1.96 lakh crore in October driven by festive buying spree despite a cut in GST rates. Goods and Services Tax (GST) rates on 375 items, including kitchen staples to electronics and automobiles, were slashed with effect from…
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman speaks during the inauguration of the New Office Building of CGST Bhawan in Ghaziabad on October 24, 2025. Photo: X/@nsitharamanoffc via ANI. Small and low-risk businesses will get GST registration within 3 working days as the GST department rolls out a simplified GST registration scheme for…
Image for representation purpose only. | Photo Credit: Getty Images/iStockphoto The Centre’s fiscal deficit stood at 36.5% of the full-year target at the end of the first half of FY26, according to data released by the Controller General of Accounts (CGA) on Friday (October 31, 2025). The fiscal deficit was 29% of the Budget Estimates…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Benchmark Sensex declined by nearly 466 points on Friday (October 31, 2025) in its second straight day of losses following selling in private banks and a weak trend in global markets. The 30-share BSE Sensex tanked 465.75 points or 0.55% to settle at 83,938.71….
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India’s forex reserves dropped by $6.925 billion to $695.355 billion during the week ended October 24, the RBI said on Friday (October 31, 2025). In the previous reporting week, the overall reserves had increased by $4.496 billion to $702.28 billion. For the week ended…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee pared intra-day losses to settle flat at 88.69 (provisional) against the American currency on Friday (October 31, 2025), as weak domestic equities and a firm US dollar in overseas markets offset the gains from lower crude oil prices. At the interbank foreign…
