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The Gold (Control) Act, 1968 is a repealed Act of the Parliament of India which was enacted to control sale and holding of gold in personal possession. High demand for gold in India with negligible indigenous production results in gold imports, leading to drastic devaluation of the Indian rupee and depletion of foreign exchange reserves to alarming levels.
India raised the import duties on gold and other precious metals on Friday in a surprise move that industry officials say could dampen retail demand and boost smuggling in the world's second ...
Gold smuggling was rampant in India until liberalisation, which repealed The Gold (Control) Act, 1968 that prohibited the import of gold except for jewellery. [4] In the 2011–12 period India's current account deficit burgeoned to 4.2% of its GDP. [5] This was due to high prices of oil and gold, which the country imports in huge volumes. [6]
Nine Television Trade name Nine Company type Subsidiary Industry Television Predecessor Nine Network Products Television Parent Nine Entertainment Website Nine Plus Nine Television is the television arm of Nine Entertainment. Channels Nine Network, an Australian commercial free-to-air television primary channel Sydney, Melbourne, Brisbane, Adelaide, Perth, Darwin, Northern NSW and Gold Coast ...
TV9 Network, also launched Money9, India’s first multilingual personal finance OTT Channel. A unique proposition, the Money9 OTT App is now live on Android and IOS platforms with seven language options of Hindi, English, Bangla, Telugu, Marathi, Gujarati and Kannada. [9]
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In China, the purchase of gold products is subject to value added tax (VAT). Investment gold, which meets the criteria for investment purposes such as gold bars and coins, is exempt from tax under the Interim Regulations on Value-Added Tax. Other gold products such as jewelry and industrial applications are subject to a tax rate of 13%.
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