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In a move that may possibly be a sign of upcoming measures on gold, the finance ministry has directed bullion-importing banks to furnish detailed information on gold metal loans and loans backed by gold from 2023 onwards. Despite a lower import volume of 721 tonnes compared with the previous year, India's gold import bill rose 24% to a record $71.9 billion in 2025-26. The dozen banks involved in gold imports either borrow gold from international lenders and extend it to jewellers through...
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The Ministry of Finance in New Delhi. Photographer: Prakash Singh/Bloomberg
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Japanese investors make biggest foreign stock exit in five years in May
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Pioneer Generation seniors to get MediSave top-ups of up to S$1,200 in mid-July
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Vladimir Putin warned by his own officials that the mounting cost of the Ukraine war is ‘unsustainable’
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Economy: why Poland is booming while eastern Germany falls behind
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