Gold duty under India-UAE pact raised in line with standard rate hike
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Legislative action — a bill, act, or amendment that creates or modifies the legal framework. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
Gold import under specified quota to now attract duties of 14 per cent instead of 5 per cent; experts advise tighter origin rules to check misuse
Key Facts
Type Legislation
Source BusinessLine - Economy
Published Wednesday, 13 May 2026
Affected Population ~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
PM-JAY: 55 crore beneficiaries
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right