Government doubles import duty on gold & silver, effective rate now at 18.4%
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Summary
Industry players and experts warn that this decision will not only encourage a shift to smuggling but will also have other negative effects on employment. The government has not yet released an official statement on the duty hikes
Key Facts
Type Announcement
Source The Hindu - National
Published Wednesday, 13 May 2026
Affected Population ~350 million BPL population, 140 million elderly
Key Numbers
PM-JAY: 55 crore beneficiaries
MGNREGA: Rs 86,000 crore annual outlay
NSAP pensions: 3 crore beneficiaries
4 Labour Codes consolidating 29 laws
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right