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Nat’l gold policy needed to contain losses: SBI Report – The Times of India

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Nat’l gold policy needed to contain losses: SBI Report – The Times of India


Mumbai: A State Bank of India research report has called for a long-term national gold policy that defines gold’s role, as money or as a commodity, and aligns it with broader financial reforms. The report said such a framework should link to India’s plans for capital account convertibility and encourage investment through the monetisation of idle gold. It added that the policy must harmonise how gold is treated in national income accounts, the balance of payments, and capital account to eliminate inconsistencies in accounting practices.According to SBI’s economic research department, high domestic demand for gold and India’s heavy import dependence with imports accounting for around 86% of total supply has created persistent pressure on the current account deficit. The increase in international price of gold is closely tied to rupee depreciation with the rupee coming under pressure every time gold prices rise because of heavy imports. The Govt also faces a fiscal loss of about Rs 93,284 crore on outstanding sovereign gold bonds, following a sharp rise in gold prices. These challenges are worsened by the lack of a comprehensive long-term policy to integrate gold’s treatment across accounting frameworks.To reduce smuggling and deepen the formal market, earlier reports proposed liberalizing gold and silver imports, including easing rules for NRIs. They also suggested introducing forward trading to allow price hedging.





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Digital Life Certificate From Comfort Of Home For Pensioners: How To Book Doorstep Request Through India Post; Check Direct Link

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Digital Life Certificate From Comfort Of Home For Pensioners: How To Book Doorstep Request Through India Post; Check Direct Link


New Delhi: India Post Payments Bank (IPPB) has signed a memorandum of understanding (MoU) with Employees’ Provident Fund Organisation (EPFO), to provide doorstep Digital Life Certificate (DLC) services to its pensioners under the Employees’ Pension Scheme, 1995. 

Under this collaboration, IPPB — a 100 per cent government-owned entity under the Department of Posts — will leverage its wide network of over 1.65 lakh post offices and more than 3 lakh postal service providers (postmen and Gramin Dak Sevaks).

Digital Life Certificate For Free

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EPFO will bear the cost of issuing Digital Life Certificate entirely, making the service free for their pensioners.

They are equipped with doorstep banking devices and digital process of face authentication technology and fingerprint biometric authentication, to assist EPFO pensioners in submitting their Digital Life Certificates conveniently from their homes, eliminating the need for them to visit bank branches or EPFO offices to submit traditional paper-based certificates.

 

Digital Life Certificate: How To Book Doorstep Request Online

Doorstep request for Digital Life Certificate can be made through the Post Info app or website.

You can visit https://ccc.cept.gov.in/ServiceRequest/request.aspx to book India Post doorstep request for Digital Life Certificate

 

India Post Payments Bank introduced the doorstep service of Digital Life Certificate in 2020 for generating Jeevan Pramaan for pensioners using Aadhaar-enabled biometric authentication to reduce the turnaround time for issuance of Jeevan Pramaan.

On completion of the certificate generation process, confirmation SMS will be received by the pensioner in his mobile number and the certificate can be viewed online the next day.



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UK interest rates set to stay at 4%, but policymakers ‘deeply divided’

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UK interest rates set to stay at 4%, but policymakers ‘deeply divided’



UK interest rates are widely expected to be kept at 4% but policymakers are “deeply divided” about the threat of inflation, economists say.

The Bank’s Monetary Policy Committee (MPC) will make its next decision on interest rates on Thursday.

Many economists expect borrowing costs to be kept on hold following signs that inflation is continuing to cool, and as the Bank awaits measures announced in November’s autumn Budget.

However, some experts, including banking giants Barclays and Goldman Sachs, are predicting a cut to 3.75%.

This is because they think policymakers might be swayed by recent economic data which signals a need to reduce borrowing costs further.

Most economists agree that there will be divisions among the nine-person committee when it comes to this week’s vote.

James Smith, a UK developed market economist for ING, said: “Inflation has almost certainly peaked.

“Food inflation – a critical concern at the Bank of England this summer – fell back in September and is now running half a percentage point below official forecasts.

“This all comes at a time when the Bank is visibly divided on how problematic inflation really is.”

Official figures showed that UK Consumer Prices Index (CPI) inflation stayed at 3.8% in September, the same level as both July and August, with food prices easing during the month.

The headline figure came in below the 4% that many economists had been expecting.

But Mr Smith said that, while the MPC was “deeply divided”, it will likely remain cautious about the risk of inflation being persistent and opt to keep rates on hold this month.

He also said the Bank was crucially waiting on the outcome of the Budget on November 26, adding: “While the contours of the Budget are becoming clearer, the Bank’s rules mean it can’t act on Government policy until it’s official.”

He added that an interest rate cut in December was now “becoming more likely” in response to potential tax-raising measures.

On the other hand, Jack Meaning, chief UK economist at Barclays, predicted that the recent inflation data would be enough to tip policymakers towards cutting rates on Thursday.

Coupled with data pointing to slowing wage growth among UK workers, he said this would be likely to give the committee more confidence that inflation was set to ease.

It comes after economists at US investment bank Goldman Sachs also predicted that recent figures would be enough to convince the Bank to cut rates to 3.75%.

This marks a shift in sentiment after many experts were ruling out a rate cut in November and said borrowing costs may not be reduced until 2026, coming as a setback to millions of mortgage holders still expected to refinance on to higher rates.



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Lenskart IPO Allotment Today: GMP Jumps To 11%; Here’s How To Check Status Online

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Lenskart IPO Allotment Today: GMP Jumps To 11%; Here’s How To Check Status Online


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Lenskart IPO Allotment Today: Lenskart Solutions IPO saw strong demand with 28.27x subscription.

Lenskart IPO Allotment Today

Lenskart IPO Allotment Today

Lenskart IPO GMP Today, Lenskart IPO Allotment Today: The allotment of eyewear retailer Lenskart Solutions’ initial public offering (IPO) is likely to be concluded today, November 06, 2025. The issue received a strong demand with a 28.27x subscription in the three-day window, garnering bids for 2,81,93,62,630 shares as against the 9,97,42,748 shares on offer.

Shares of Lenskart Solutions are expected to be listed on the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) on Monday, November 10.

Its retail category has received a 7.56x subscription, while the NII (non-institutional investor) quota has received a 18.23x subscription. The QIB category received a 40.36x subscription.

The IPO was opened on October 31 and closed on November 4.

The company has fixed the price band at Rs 382-402 per share for its IPO. At the upper end of the price band, Lenskart is seeking a valuation of around $7.91 billion (about Rs 72,700 crore).

The issue includes a fresh issue of shares worth Rs 2,150 crore, while the offer-for-sale (OFS) segment will see promoters and investors offloading more than 12.75 crore equity shares.

Investors who have applied for the IPO are advised to check the following links intermittently, as there’s no specific time when the allotment is likely to be concluded today.

Lenskart IPO Listing Price Prediction, GMP Today

According to market observers, unlisted shares of Lenskart Solutions Ltd are currently trading at Rs 447 apiece in the grey market, which is a 11.19% premium or GMP of Rs 45 over the upper IPO price of Rs 402, indicating decent listing gains for investors.

The GMP of Lenskart Solutions has been on the see-saw in the past few days, especially during the subscription window.

The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

Lenskart IPO: How To Check Allotment Status

Step-by-Step: How to Check Lenskart IPO Allotment Status

Option 1: Via Registrar’s Website (Link Intime India)

  1. Visit the Link Intime India IPO allotment page:https://www.linkintime.co.in/IPO/public-issues.html
  2. Select “Lenskart Solutions Limited – IPO” from the drop-down list.
  3. Choose one of the three identification options:
  4. PAN (Permanent Account Number)
  5. Application Number
  6. DP/Client ID (for demat account holders)
  7. Enter the chosen details correctly.
  8. Fill in the captcha code as shown on the screen.
  9. Click on “Submit” or “Search.”
  10. The screen will display your allotment status — showing whether you’ve been allotted shares and the quantity.

Option 2: Via BSE Website

  1. Visit the BSE IPO allotment page:https://www.bseindia.com/investors/appli_check.aspx
  2. Under “Issue Type,” select “Equity.”
  3. Under “Issue Name,” choose “Lenskart Solutions Limited.”
  4. Enter your Application Number and PAN.
  5. Complete the security captcha.
  6. Click on “Search.”
  7. Your allotment status will appear on the screen.

Option 3: Through Your Broker or Demat App

  1. Log in to your broker app (like Zerodha, Groww, Upstox, or Angel One).
  2. Go to the IPO section → “My Applications.”
  3. You’ll see the allotment status once it’s updated by the registrar.

About Lenskart

Founded in 2010, Lenskart began as an online eyewear retailer and has since grown into one of India’s leading omnichannel eyewear brands with both online and offline presence. The company was valued at $6.1 billion as of September 2025, according to Tracxn data cited by Reuters.

In June 2025, the company transitioned into a public limited entity, changing its name from Lenskart Solutions Private Limited to Lenskart Solutions Limited after an extraordinary general meeting held on May 30.

Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

Varun Yadav

Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

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