India is taking urgent steps to protect its economy. Fuel prices have risen. Gold imports are restricted. Local government staff in Delhi are working from home to save fuel. Sugar exports are temporarily banned. These actions aim to conserve foreign exchange reserves amid global pressures. The nation faces challenges from rising oil prices and foreign investor outflows.

The hikes, aiming to dampen demand in the world’s second-largest bullion market, follow a rare weekend appeal from PM Modi. Gold is the country’s largest import item after crude…

India has increased import duties on gold and silver to 15 percent. This move aims to reduce imports and protect foreign exchange reserves. The government views precious metals as…

"If this is to continue for longer period of time, it is just a matter of time before the government will pass on some of the price increases," Malhotra said at a conference…

Increasing import duties on gold, the right step

India has imposed new restrictions on duty-free gold imports. This move follows a recent increase in customs duties. The government aims to prevent misuse of a special import…