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The Sen Times

Economy / The Sen Times

Gold, silver imports by banks, nominated agencies to attract 3 pc IGST

New Delhi, Oct 8 (PTI) Gold, silver and platinum imports by banks and nominated agencies attract 3 per cent IGST effective April 1, 2026, Revenue Secretary Arvind Shrivastava said on Thursday. The Government notified the GST Council on Thursday that the list of designated banks and agencies that attract IGST exemptions on gold and precious metal imports has not been extended beyond March 31, 2026, Shrivastava said. This is done to ensure parity of taxes imposed on gold and other precious metal i

8 Oct 2026 9:58 pm
Indian states seek extra power to avoid outages as nighttime supply tightens, officials say

NEW DELHI, Oct 6 (Reuters) Several Indian states are seeking additional power allocations from the federal government to avoid outages as weak hydropower output and maintenance at some plants have reduced electricity supply during the night, two federal government officials said. Rajasthan and Gujarat, among Indias leading renewable-energy states, have sought additional supplies, along with other states including Maharashtra, Tamil Nadu, Andhra Pradesh, West Bengal, Uttar Pradesh, Chhattisgarh

6 Oct 2026 9:46 am