Category: Beyond

Categories
Beyond

Gold falls to ₹1,48,080, Silver drops to ₹2,44,900

Prices of precious metals declined slightly in the domestic market on Monday. Gold prices fell by ₹10 to ₹1,48,080 per 10 grams in the national capital, continuing the recent trend of mild corrections. Meanwhile, silver prices dropped more sharply by ₹100 to ₹2,44,900 per kilogram, reflecting a broader weakness in the precious metals segment.

The decline in prices is largely attributed to softening international rates. In global markets, gold traded lower as the US dollar strengthened, making the metal less attractive for investors holding other currencies. Additionally, easing demand for safe-haven assets contributed to the downward pressure on prices.

Market analysts noted that recent volatility in global markets, including fluctuations in bond yields and currency movements, has impacted investor sentiment towards precious metals. While geopolitical tensions typically support gold prices, current trends indicate some profit booking by investors after earlier gains.

Silver, which often tracks both industrial demand and investment trends, also witnessed a dip. Weakness in industrial demand outlook, coupled with global uncertainty, weighed on the metal’s performance.

Despite the fall, experts suggest that prices remain at relatively elevated levels compared to historical averages. The recent correction is seen as part of a broader consolidation phase rather than a sharp downturn.

In the domestic market, jewellers reported moderate demand, with buyers remaining cautious amid price fluctuations. Seasonal demand has also been relatively muted, contributing to limited support for prices.

Looking ahead, market participants are expected to closely monitor global economic indicators, including inflation data and central bank policies, which could influence the direction of gold and silver prices. Currency movements, particularly the strength of the US dollar, will also play a crucial role.

Also Read: Sensex drops over 1,000 points, Nifty slips below 22,500

Categories
Beyond

India approves ₹2.38 lakh cr defence boost

India has approved a massive defence upgrade worth about ₹2.38 lakh crore, in one of the biggest military modernisation moves in recent years. The decision was taken by the Defence Acquisition Council, led by Defence Minister Rajnath Singh, with a focus on strengthening the country’s preparedness across air, land and strategic operations.

A key highlight of the package is the approval to acquire five more S-400 missile systems from Russia. These long-range air defence systems are considered among the most advanced in the world, capable of detecting and destroying enemy aircraft, drones and missile threats from long distances. The addition is expected to significantly boost India’s air defence shield.

The plan also includes the purchase of strike drones, or unmanned combat aerial vehicles (UCAVs), which can carry out precision attacks without putting pilots at risk. These drones are becoming increasingly important in modern warfare, offering flexibility and quick response during operations.

Another major component is the procurement of medium transport aircraft for the Indian Air Force. These aircraft will gradually replace older fleets and improve the military’s ability to move troops, equipment and supplies quickly across the country, especially during emergencies or conflict situations.

Alongside foreign purchases, the government has also emphasised indigenous manufacturing. Approvals include artillery systems like the Dhanush gun and upgrades to existing platforms, supporting India’s push for self-reliance in defence production.

Also Read: Centre to borrow ₹8.2 lakh cr in 1st half of FY27

 

 

Categories
Beyond

Centre to borrow ₹8.2 lakh cr in 1st half of FY27

The Government of India will borrow ₹8.2 lakh crore from the market during the first half of the 2026‑27 fiscal year (April–September) to meet its fiscal needs. This accounts for roughly half of the total annual borrowing target of ₹16 lakh crore announced in the Budget.

The funds will be raised through government bonds of varying maturities, issued via 26 weekly auctions conducted with the Reserve Bank of India (RBI). Spreading borrowings across weekly auctions is intended to maintain stability in the debt market and reduce pressure on interest rates.

About 25 percent of the borrowing will come from long-term bonds, with maturities ranging up to 30–50 years. This approach is designed to secure long-term funding at stable rates and manage debt repayment schedules effectively.

In addition to traditional bonds, the government plans to raise ₹15,000 crore through Sovereign Green Bonds. These bonds will finance environmentally sustainable projects and support India’s climate action and green infrastructure initiatives.

The borrowing plan is part of the government’s broader fiscal framework for FY27, aimed at balancing the fiscal deficit while funding essential public services, infrastructure, and other budget priorities. Borrowings are necessary even after accounting for revenues, small savings contributions, and other financing sources.

Also Read: Apple to invest $400 million to boost US manufacturing

Categories
Beyond

Trump’s signature to appear on US currency

In a notable policy shift, the United States Treasury has approved a change in currency design that will introduce Donald Trump’s signature on new US banknotes, replacing the long-standing inclusion of the US Treasurer’s signature.

The decision marks the end of a 165-year-old convention, under which US currency carried the signatures of both the Treasury Secretary and the Treasurer. Going forward, new notes will feature the signature of the President alongside that of the Treasury Secretary, reflecting a significant departure from established practice.

The rollout is expected to begin with the $100 bill from June 2026, with other denominations to follow in phases. Existing currency will continue to remain legal tender and circulate alongside the newly issued notes, ensuring no immediate disruption to the financial system.

Officials have positioned the move as part of a broader symbolic refresh tied to the 250th anniversary of US independence, framing it as a design evolution rather than a structural change. Importantly, the update does not alter any functional or security features of the currency.

From a market and institutional perspective, the impact is expected to be limited. Analysts note that the change is largely cosmetic and does not affect monetary policy, currency valuation, or the role of the US dollar in global markets. However, it does signal a shift in how national identity is reflected in financial instruments.

The decision has generated mixed reactions. Supporters view it as a modernisation step aligned with national milestones, while critics argue it breaks with long-standing institutional norms designed to keep currency design politically neutral.

Also Read: Petrol duty reduced to ₹3, diesel to zero

 

 

Categories
Beyond

Petrol duty reduced to ₹3, diesel to zero

The central government on March 27, 2026, announced a major cut in excise duty on petrol and diesel to reduce the impact of rising global oil prices. The duty on petrol has been reduced from ₹13 to ₹3 per litre, while diesel duty has been cut from ₹10 to zero, effectively lowering taxes by ₹10 per litre on both fuels.

This move comes as crude oil prices have surged due to ongoing tensions in the Middle East. Supply concerns, especially around key oil routes, have pushed prices above $100 per barrel. As India depends heavily on oil imports, this has increased pressure on fuel prices and the overall economy.

The government said the decision was taken to protect consumers from a sharp rise in petrol and diesel prices. By reducing taxes, it aims to absorb part of the global price increase instead of passing the entire burden onto the public.

However, the benefit may not be immediately visible at petrol pumps. Oil marketing companies like Indian Oil, BPCL, and HPCL are currently facing losses because they have not fully raised fuel prices in line with global crude rates. Industry experts believe these companies may use the tax relief to recover losses before lowering retail prices.

Crude oil prices have seen a steep rise in recent weeks, jumping from about $70 per barrel to over $100. This sudden increase has made fuel costlier to produce and sell, creating challenges for both companies and the government.

To manage the situation, the government has also introduced export duties on petroleum products. This step is meant to ensure enough fuel supply within the country and to control price fluctuations.

Also Read: Gold hits ₹1,44,540, Silver rises to ₹2,49,900

Categories
Beyond

Gold hits ₹1,44,540, Silver rises to ₹2,49,900

After a turbulent week, gold and silver prices in India bounced back on Friday,  as investors turned to the safe-haven appeal of precious metals. Gold futures on the MCX surged to ₹1,44,540 per kilogram, up about ₹1,500 per 10 grams, while silver jumped to ₹2,49,900 per kilogram, rising nearly ₹5,140.

Earlier in the week, both metals had faced heavy selling pressure. Gold had dropped more than ₹4,300 per 10 grams, and silver had tumbled nearly ₹13,700 per kilogram, driven by a strong U.S. dollar and global uncertainties. Friday’s rebound offered a welcome relief for traders and retail buyers.

The recovery was supported by a softer US dollar, which makes dollar-denominated commodities like gold and silver more attractive for Indian buyers. Optimism around easing tensions between the US and Iran further lifted investor sentiment. Analysts, however, warn that prices remain volatile and can change quickly with global developments.

Retail gold rates across major cities reflected the rebound, with both 24-carat and 22-carat gold showing gains. Silver, which had been especially volatile, also recovered sharply, attracting renewed attention from jewelers and investors.

Despite Friday’s rally, March has been a tough month for precious metals. Gold prices fell roughly 15% and silver dropped around 26% during the month, highlighting the sensitivity of bullion to factors like currency fluctuations, oil prices, and geopolitical tensions.

Also Read: Sensex falls over 1,050 points drops below 23,000

Categories
Beyond

India sets 47% cut, 60% clean power by 2035

India has announced a more ambitious set of climate targets for 2035, reinforcing its commitment to tackle climate change while sustaining economic growth. The updated goals, approved by the Union Cabinet, form part of India’s revised Nationally Determined Contributions (NDCs) under the Paris Agreement framework.

A key highlight of the new plan is the target to reduce emissions intensity by 47% from 2005 levels by 2035. Emissions intensity measures the amount of greenhouse gases produced per unit of GDP, and lowering it reflects a shift toward cleaner and more efficient economic activity.

India has also raised its clean energy ambition significantly. The country now aims to achieve 60% of its installed electricity capacity from non-fossil fuel sources by 2035. This is an increase from the earlier 50% target set for 2030, which India has already met ahead of time. The move signals rapid progress in renewable energy sectors such as solar and wind power.

Another important component of the updated targets is the expansion of carbon sinks. India plans to increase its forest and tree cover to absorb between 3.5 and 4 billion tonnes of carbon dioxide equivalent by 2035. This highlights the role of forests and ecosystems in offsetting emissions and supporting climate resilience.

The government stated that these revised targets are designed to balance environmental responsibility with development needs. India, as a developing country, continues to emphasize the importance of equitable climate action, noting that developed nations must take the lead in reducing global emissions.

India has already made notable progress in recent years, achieving a significant reduction in emissions intensity and expanding its renewable energy capacity. However, challenges remain, including rising energy demand and dependence on coal.

Also Read: CCPA bans extra charges in restaurant bills

 

 

 

 

Categories
Beyond

CCPA bans extra charges in restaurant bills

The Central Consumer Protection Authority (CCPA) has prohibited hotels and restaurants from adding extra charges such as LPG fees, gas surcharges, or fuel-related costs to customer bills, calling the practice unfair and misleading.

The authority clarified that customers should only be charged the price displayed on the menu along with applicable taxes. Any additional amount imposed under separate headings, such as fuel recovery or gas charges, will be treated as a violation of consumer protection rules.

The directive follows a rise in complaints from consumers who found unexpected charges added to their bills while dining out. Many establishments were reportedly including fees labeled as “LPG charges” or “fuel surcharge,” increasing the final payable amount without prior transparency.

According to the CCPA, operational expenses like cooking gas, electricity, and other overheads are part of a business’s cost structure. These must already be factored into menu pricing and cannot be passed on to customers as separate line items. The regulator stressed that such practices distort pricing and mislead consumers.

The authority also observed that some restaurants were using alternative names for these charges in an attempt to bypass existing norms, including guidelines around service charges. It made it clear that simply renaming such fees does not make them permissible under the law.

Warning of strict enforcement, the CCPA said it will monitor compliance closely and take action against establishments that continue to impose such charges. Penalties may be applied under provisions of consumer protection law for engaging in unfair trade practices.

Consumers have been encouraged to remain vigilant and check their bills carefully. If any unauthorized charges are found, they can request removal of the fee. In cases where businesses refuse to comply, customers can file complaints through official consumer grievance platforms.

Also Read: Salesforce freezes senior executives’ pay, boosts bonuses

Categories
Beyond

Iran keeps Strait of Hormuz open for India

Iran has announced that the strategically important Strait of Hormuz will remain open for India and four other countries, even as tensions in the Middle East continue to disrupt global oil supplies.

Iranian Foreign Minister Abbas Araghchi said that India, along with China, Russia, Iraq and Pakistan, has been classified as a “friendly nation.” Ships from these countries will be allowed to pass through the Strait without restrictions. However, Iran has limited access for nations it considers hostile, including the United States and its allies.

The Strait of Hormuz is one of the world’s most critical oil routes, carrying nearly 20% of global crude oil shipments. Any disruption in this narrow waterway can have a direct impact on global energy prices and supply chains.

India’s inclusion in the list is seen as a positive development, as the country relies heavily on oil imports that pass through this route. Ensuring safe passage for Indian vessels will help maintain stable fuel supplies and reduce pressure on domestic markets.

Reports indicate that Indian ships are continuing operations without disruption. At least two LPG carriers have already passed through the Strait safely and are heading towards India, suggesting that the situation remains stable for now.

The move comes at a time when global oil markets are under stress due to ongoing geopolitical tensions in the region. Several countries and international bodies have called for keeping the Strait open to avoid further escalation in the energy crisis.

Also Read: Gold rises ₹1,46,680, silver up ₹2,50,100

Categories
Beyond

Gold rises ₹1,46,680, silver up ₹2,50,100

Gold prices in India recorded a slight increase in early trade, reflecting a stable trend in the bullion market. The price of 24-carat gold rose by ₹10 to reach ₹1,46,680 per 10 grams, while 22-carat gold also saw a similar uptick, maintaining consistency across retail markets.

The movement in gold prices remained modest across major cities, including Delhi, Mumbai, Chennai, and Kolkata. While the overall trend was uniform, minor differences in rates were observed due to local taxes, transportation costs, and variations in demand. Despite the small increase, gold continues to trade near elevated levels, supported by steady buying interest.

Silver prices followed a similar trajectory, registering a gain of ₹100 to trade at ₹2,50,100 per kilogram. The metal showed consistent pricing across most metropolitan markets, though Chennai reported relatively higher rates, a trend often linked to stronger regional demand and supply dynamics.

Market experts note that the limited rise in prices indicates a phase of consolidation in the bullion segment. After experiencing fluctuations in recent weeks, both gold and silver appear to be stabilising, with investors continuing to view them as reliable assets during uncertain economic conditions.

Globally, precious metals are being supported by cautious investor sentiment. Ongoing geopolitical tensions and concerns over economic growth have kept demand for safe-haven assets intact. International gold prices are holding firm, which is contributing to the steady domestic pricing trend.