Nirmala Sitharaman pleasantly surprised gold markets by announcing the reduction of custom duty on gold from 12.5% to 7.5%. With reduction on one hand, they increased the duty on the other by including a freshly introduced levy called the Agriculture Infrastructure and Development cess of 2.5%. The net effect will be lesser than the 5% reduction that the headline number suggests.
Nine big financial changes that you must watch out for in October
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