Category: Commodities

Imported gold should not be misused says Manoj Dwivedi

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Watch the interview of Manoj Dwivedi, Joint Secy at the Commerce Ministry with Manisha Gupta on CNBC-TV18. He spoke about the gold issues in the Indian market.

Talking about gold import, he said, ” The biggest challenge is obviously the   policy. It  is like a tool, a tool can be used and it can be misused. So, the biggest challenge is to see to it that any policy directive or any kind of ecosystem that we are thinking of should not be misused. If that happens then it doe lot of damage.”

“Specially when we are talking of gold, where we don’t produce majority of the gold so we import it, and if we import it and then misuse it then obviously it comes heavily on  current account deficit on our foreign exchange earnings and so many other aspects to it” he added further.

 For full interview, watch accompanying video…

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Goa mining ban “unfortunate” says Vedanta’s Anil Agarwal

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

The ban on mining in Goa sends the wrong signal to investors and has brought the entire industry to a standstill, Vedanta Resources chairman Anil Agarwal told CNBC TV 18 in an exclusive interview.

Calling the ban “unfortunate,” he said the government would have to clarify its stand on the auctions, given that companies have already set up the infrastructure in the state. Auctions are expected to take 1-2 years, he added.

The company, which has an iron ore plant in the coastal state, would not see any impact to the balance sheet, as the inventory was between 1.5-2 percent of the overall business, Agarwal said.

The mining industry in the state is facing uncertainty as the Supreme Court order on closure of iron ore mining in the state came into effect at midnight today.

The Apex Court had last month quashed the second renewal of leases given in 2015 to 88 companies with iron ore mining interests in Goa.

The uncertainty is exacerbated as Chief Minister Manohar Parrikar is currently in the United States undergoing medical treatment and has not appointed a Deputy Chief Minister.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow