Govt notifies 160 tons of gold import from UAE at concessional rate

Q: How long will it take to read this news story?

The story "Govt notifies 160 tons of gold import from UAE at concessional rate" has 374 words across 16 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Govt notifies 160 tons of gold import from UAE at concessional rate" was covered 5 days ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 244 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22284650</li><li>URL: https://beamstart.com/news/govt-notifies-160-tons-of-17247804224219</li></ul>

Business Standard Logo Business Standard 5d ago

Govt notifies 160 tons of gold import from UAE at concessional rate - Business Standard

Quick Summary:

The government has notified the import of up to 160 tonnes of gold by manufacturers and traders from the UAE at a concessional rate for 2024-25 under the India-UAE free trade agreement, an official said on Tuesday.

Under the agreement, India agreed to import up to 200 metric tonnes of gold annually from the UAE with a one per cent tariff concession under Tariff Rate Quota (TRQ).

Think tank GTRI in its report in June stated that India's gold imports from UAE rose 147.6 per cent from USD 3 billion in FY23 to USD 7.6 billion in FY24.