The recovery in economic activity after unlocking began in June seems to be holding its ground, though upside momentum does seem limited. Most weekly economic indicators tracked by Business Standard were at levels similar to previous weeks. Weak demand as people struggle with lower incomes and economic stress are among the reasons analysts have highlighted for weakness in economic activity. Read More...
The coronavirus pandemic has crushed the inflow of gold smuggled into the world’s second-biggest consumer. Illegal shipments of gold to India are estimated to have slowed to a trickle of about 2 tons a month, and may total about 25 tons this year, according to N. Anantha Padmanaban, the chairman of the All India Gem and Jewellery Domestic Council. Read More...
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