License now required to import silver from abroad: ₹ 3 windfall tax on petrol, duty reduced on diesel-jet fuel; Petrol and diesel became cheaper by Rs 5 in Pakistan

Tomorrow The big news was related to silver. The central government on Saturday imposed new restrictions on the import of silver. According to the government notification, now government permission will have to be taken to import silver bars with 99.9% purity, unwrought silver (raw silver), silver powder and gold or platinum coated silver from abroad.

At the same time, after the increase in the prices of petrol and diesel in the country by ₹ 3 per liter, the central government has changed the rules for oil companies. The government has imposed a windfall tax of ₹3 per liter on petrol exports. Tax on diesel and jet fuel (ATF) has been reduced.

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1. Government imposed ban on import of silver: Now license is necessary to import it from abroad; Import duty was increased 3 days ago

The central government on Saturday imposed new restrictions on the import of silver. According to the government notification, now government permission will have to be taken to import silver bars with 99.9% purity, unwrought silver (raw silver), silver powder and gold or platinum coated silver from abroad.

Earlier they could be imported easily, but now they have been put in the ‘restricted’ category. The government says that this step has been taken to reduce non-essential imports and control the expenditure of foreign exchange.

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2. ₹ 3 windfall tax on petrol, duty reduced on diesel-jet fuel: Decision to balance exports, no impact on prices of petrol and diesel in the country.

After the increase in the prices of petrol and diesel in the country by up to ₹ 3 per liter, the central government has changed the rules for oil companies. The government has imposed a windfall tax of ₹3 per liter on petrol exports. Tax on diesel and jet fuel (ATF) has been reduced.

Due to the ongoing war between America, Israel and Iran, crude oil prices have crossed $ 100 per barrel. This decision has been taken so that there is no shortage of oil in India.

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3. Petrol-diesel became cheaper by Rs 5 in Pakistan: Petrol is available at Rs 409.78 and high-speed diesel at Rs 409.58 per liter, in India yesterday it became costlier by Rs 3 each.

The Government of Pakistan has reduced the prices of petrol and diesel by Rs 5 per liter (Pakistani Rupee). After this, now the price of petrol in Pakistan has come to Rs 409.78 per liter and the price of high-speed diesel (HSD) has come to Rs 409.58 per liter. The new prices have come into effect from today i.e. May 16.

This reduction is expected to provide some support to the budget of the middle and lower-middle class after the continuously rising prices in recent times, as petrol directly impacts motorcycles, rickshaws and small vehicles.

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4. Silver became costlier by ₹ 12,900 this week, reached ₹ 2.69 lakh: Gold increased by ₹ 7,132 to ₹ 1.58 lakh, increased by ₹ 25,015 this year.

This week, the price of 1 kg silver has increased by Rs 12,900 to Rs 2.69 lakh. Before this, it was at Rs 2.56 lakh last week i.e. on 9th May.

At the same time, the price of gold increased by Rs 7,132. On May 9, 10 grams of gold was at Rs 1.51 lakh, which has increased to Rs 1.58.

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