Gold prices on Friday surged to new highs of Rs 50,703 from Rs 50,552 per 10 gram while prices of silver also climed to Rs 60,785 from Rs 60,586 per kg, according to India Bullion and Jewellers Association.

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

GST rates can be reduced further once the tax base increases and everyone pays taxes properly, Finance Secretary Ajay Bhushan Pandey said on Thursday.

Once the tax base increases and if we are able to enforce our tax laws and everyone pays taxes properly, there will be definitely scope for further reduction of taxes, he said.

After Glenmark’s Fabiflu, a second favipiravir—an oral antiviral drug used in Covid-19 treatment—has got approval from the drugs regulator.

Pune-based Brinton Pharmaceuticals said on Thursday it had got the nod from the Drugs Controller General of India (DCGI) to market its brand Faviton, priced at Rs 59 per tablet.

India has yet again witnessed its highest single-day spike of COVID-19 cases with 49,310 cases reported in the last 24 hours, according to data from the Union Ministry of Health and Family Welfare.

With these fresh cases, India's coronavirus cases tally has gone up to 12,87,945, out of which there are 4,40,135 active cases and 8,17,209 patients have been cured/discharged/migrated.

Ahead of Working Mechanism for Consultation and Coordination on India-China Border Affairs (WMCC) meet on Friday, India has said it expects Chinese side will sincerely work with us for complete disengagement and de-escalation and full restoration of peace and tranquillity in the border areas at the earliest

This will be the third round of virtual WMCC in last one month -- the first on June 24 and the second on July 10. The remarks are important, given disengagement by the Chinese side has slowed.

People in Jammu and Kashmir will not be getting 4G internet anytime soon as the central government has decided to continue the restrictions in the region.

The Union Ministry of Home Affairs (MHA) has informed the Supreme Court that the special committee constituted to look into the issue of restoring 4G internet in Jammu and Kashmir decided against resuming the services.

The Indian Railways on Thursday stated that it has operated over 4,615 Shramik Special trains which have transported more than 63 lakh people till July 9.

Last Shramik Special train was run by Indian Railway on July 9. After that, we have not received any demands from any state. Therefore, we presume that all demands of state governments have been fully met. But still, Railways is ready to run the trains if we get any demand from any state government. Till today we have run around 4,615 Shramik Special trains and more than 63 lakh passengers have been moved, Vinod Kumar Yadav, the Chairman Railway Board informed.

The much-awaited 2020 edition of the Indian Premier League (IPL) is likely to start from September 19 and the final is slated for November 8.

Following the postponement of the T20 World Cup by the International Cricket Council (ICC) on Monday, there is a window from September 19 to November 10, a source within the Board of Control for Cricket in India (BCCI) told ANI.

Amazon, the world’s largest online retailer, is eyeing to tap multiple sectors in the country ranging from insurance, wealth management to credit through its digital payments arm Amazon Pay. The Jeff Bezos-led firm is making inroads in India's booming digital payments market and competing with Walmart-owned PhonePe, Alibaba-backed Paytm, and Google's mobile payment service Google Pay.

Tea crop during the year has been affected due to the two-month lockdown in April and May and subsequent uneven rainfall in Assam, industry experts said.

As per the Indian Tea Association (ITA) estimates the production in north India, comprising Assam and north Bengal is down by 40 per cent from January to June as compared to the figures of 2019.

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