StockWaves
  • Home
  • Global Markets
    Global MarketsShow More
    Up 30% this 12 months, the BP share value nonetheless seems to be undervalued regardless of oil surging. What’s the catch?
    Up 30% this 12 months, the BP share value nonetheless seems to be undervalued regardless of oil surging. What’s the catch?
    4 Min Read
    Bankers readying Paramount’s B debt sale for Warner Bros. – Bloomberg (PSKY:NASDAQ)
    Bankers readying Paramount’s $49B debt sale for Warner Bros. – Bloomberg (PSKY:NASDAQ)
    0 Min Read
    Trump flexes endorsement energy for Ken Paxton after ousting Cassidy
    Trump flexes endorsement energy for Ken Paxton after ousting Cassidy
    10 Min Read
    Type 13G Practical Manufacturers Inc. For: 19 Might
    Type 13G Practical Manufacturers Inc. For: 19 Might
    0 Min Read
    CleanSpark Jumps 6.1% After Macquarie Maintains Outperform
    CleanSpark Jumps 6.1% After Macquarie Maintains Outperform
    3 Min Read
  • Investment Strategies
    Investment StrategiesShow More
    NATO assembly Sweden: Rubio to debate Europe troop ranges, defence spending, Arctic safety
    NATO assembly Sweden: Rubio to debate Europe troop ranges, defence spending, Arctic safety
    5 Min Read
    Trump Delays Iran Strike Determination After Qatar and UAE Calls on Peace Talks
    Trump Delays Iran Strike Determination After Qatar and UAE Calls on Peace Talks
    4 Min Read
    Ought to buyers fear when even optimists flip cautious?
    Ought to buyers fear when even optimists flip cautious?
    10 Min Read
    Why Gold-Backed Stablecoins Are Immediately Changing into A Massive Subject In India’s Crypto Business?
    Why Gold-Backed Stablecoins Are Immediately Changing into A Massive Subject In India’s Crypto Business?
    6 Min Read
    Face Worth change in a fund of Shriram Mutual Fund
    Face Worth change in a fund of Shriram Mutual Fund
    0 Min Read
  • Market Analysis
    Market AnalysisShow More
    CII Jharkhand meets Hemant Soren on industrial coverage and EV ecosystem growth
    CII Jharkhand meets Hemant Soren on industrial coverage and EV ecosystem growth
    3 Min Read
    The way to make investments on your daughter’s training and wedding ceremony targets
    The way to make investments on your daughter’s training and wedding ceremony targets
    8 Min Read
    Multibagger defence inventory jumps over 15% after This autumn outcomes. Alternative maintains bullish outlook with ₹365 goal
    Multibagger defence inventory jumps over 15% after This autumn outcomes. Alternative maintains bullish outlook with ₹365 goal
    5 Min Read
    How Investing.com’s AI Technique Predicted the Rally in Vedanta, Nuvama & SAIL on Might 1st
    How Investing.com’s AI Technique Predicted the Rally in Vedanta, Nuvama & SAIL on Might 1st
    6 Min Read
    Indian rupee falls in opposition to US greenback in 2026 as oil costs and outflows rise
    Indian rupee falls in opposition to US greenback in 2026 as oil costs and outflows rise
    7 Min Read
  • Trading
    TradingShow More
    Brief-Vendor Assaults Everspin Inventory — This is What You Want To Know – Everspin Applied sciences (NASDAQ:MRAM)
    Brief-Vendor Assaults Everspin Inventory — This is What You Want To Know – Everspin Applied sciences (NASDAQ:MRAM)
    3 Min Read
    Carl Icahn Beat Berkshire Final Quarter — However There’s A Catch
    Carl Icahn Beat Berkshire Final Quarter — However There’s A Catch
    2 Min Read
    Why Each EA Vendor Wants an MT5 EA License Key Generator 
    Why Each EA Vendor Wants an MT5 EA License Key Generator 
    12 Min Read
    0 Invested In Hilton Worldwide Holdings 5 Years In the past Would Be Value This A lot At this time – Hilton Worldwide
    $100 Invested In Hilton Worldwide Holdings 5 Years In the past Would Be Value This A lot At this time – Hilton Worldwide
    1 Min Read
    ECARX Holdings Q1 2026 Earnings Name Transcript – ECARX Holdings (NASDAQ:ECX)
    ECARX Holdings Q1 2026 Earnings Name Transcript – ECARX Holdings (NASDAQ:ECX)
    37 Min Read
Reading: India agriculture ministry pauses gold shopping for for a yr amid Modi austerity push
Share
Font ResizerAa
StockWavesStockWaves
  • Home
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading
Search
  • Home
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading
Follow US
2024 © StockWaves.in. All Rights Reserved.
StockWaves > Market Analysis > India agriculture ministry pauses gold shopping for for a yr amid Modi austerity push
Market Analysis

India agriculture ministry pauses gold shopping for for a yr amid Modi austerity push

StockWaves By StockWaves Last updated: May 18, 2026 6 Min Read
India agriculture ministry pauses gold shopping for for a yr amid Modi austerity push
SHARE


Contents
Officers in Indiau2019s agriculture and rural improvement ministries will keep away from shopping for gold for one yr, apart from particular events equivalent to weddings, to assist the Prime Ministeru2019s austerity measures. The ministries additionally set steps on gasoline conservation, energy management, digital working, and reducing authorities expenditure as import prices rise and gold import duties improve.Prime Minister Narendra Modi austerity enchantment and international change strainGold buy curbs in agriculture ministry and rural improvement ministryPower saving, make money working from home and gasoline management in ministriesSave the Farm Marketing campaign and Khet Bachao Abhiyan focus in agriculture

Officers in Indiau2019s agriculture and rural improvement ministries will keep away from shopping for gold for one yr, apart from particular events equivalent to weddings, to assist the Prime Ministeru2019s austerity measures. The ministries additionally set steps on gasoline conservation, energy management, digital working, and reducing authorities expenditure as import prices rise and gold import duties improve.

Enterprise


Up to date: Monday, Might 18, 2026, 21:42 [IST]

Officers within the ministries of agriculture and rural improvement have agreed to keep away from shopping for gold for one yr. The transfer supported Prime Minister Narendra Modi’s enchantment for austerity steps. An official assertion on Monday stated the choice aimed to save lots of international change. Purchases have been allowed just for occasions equivalent to weddings or different particular household events.

Consultant picture

The assertion stated Union Agriculture in addition to Rural Growth Minister Shivraj Singh Chouhan took steps to present administrative type to the enchantment. The main focus included frugality, conserving assets, and self-reliance. It additionally listed actions to chop gasoline use, handle energy use, increase digital work, and decrease authorities spending throughout places of work.

Prime Minister Narendra Modi austerity enchantment and international change strain

Prime Minister Narendra Modi made the enchantment as import prices rose amid provide chain disruption. The disruption adopted the West Asia struggle, the assertion stated. The enchantment urged utilizing much less petrol and diesel. It additionally talked about metro rail, carpooling, extra EV use, and dealing from residence.

The federal government additionally tightened guidelines on valuable steel imports throughout Might. Efficient Might 13, import obligation on gold and silver rose to fifteen per cent. On Might 14, a 100 kg cap utilized to gold imports beneath the Advance Authorisation scheme. The scheme lets jewelry exporters import inputs at zero obligation.

Gold buy curbs in agriculture ministry and rural improvement ministry

Chouhan met officers from the Agriculture Division and Rural Growth Division. The assembly additionally included Indian Council of Agricultural Analysis and Agricultural Schooling and Land Sources Division. The assertion stated officers determined to not purchase gold for one yr. Exceptions included a daughter’s marriage or one other particular household event.

The assertion added that the choice was not a proper authorities order. It described the step as a voluntary moral-social decision. Chouhan referred to as it a severe response to the enchantment of the prime minister. Chouhan additionally described it as private restraint taken within the nationwide curiosity.

Power saving, make money working from home and gasoline management in ministries

Chouhan careworn power saving inside places of work and issued sensible instructions. Lights, followers, air-conditioners, computer systems, and different gadgets ought to be switched off when unused. About 20 per cent of workers will make money working from home in rotation. The assertion stated file processing and common operations should not be affected.

To chop gasoline use, the ministries deliberate a car-pooling system as soon as every week. The system will cowl workers as much as the Director degree. The ministry additionally aimed to scale back car utilization by about one-third. Chouhan stated official visits and conferences can be extra managed and need-based.

Solely important visits will happen, based on the assertion. The place doable, opinions, consultations, and conferences will transfer to video conferencing. The change aimed to keep away from giant delegations and cut back spending. It was additionally determined that zonal conferences in Guwahati and Visakhapatnam can be held nearly.

Save the Farm Marketing campaign and Khet Bachao Abhiyan focus in agriculture

The assertion stated a public consciousness marketing campaign will promote balanced and wholesome edible oil use. Chouhan additionally spoke about pure farming and balanced fertiliser use. The Agriculture Division and ICAR determined to launch a Save the Farm Marketing campaign. Scientists will go to villages and advise farmers after soil evaluation.

Primarily based on soil components, scientists will information farmers on fertiliser sort and amount. Chouhan said that the Farm Saving Marketing campaign Khet Bachao Abhiyan will run nationwide for 15 days. It’s going to begin on June 1. The Kharif Convention on Might twenty eighth and twenty ninth will stress balanced fertiliser use.

A separate session on the Kharif Convention will promote pure farming, the assertion stated. The package deal of measures additionally included tighter management of journey and extra on-line conferences. Officers stated the steps aimed to preserve gasoline, reduce energy use, and cut back spending. The gold shopping for restraint remained voluntary, with restricted household exceptions.

With inputs from PTI

Share This Article

Story first printed: Monday, Might 18, 2026, 21:42 [IST]



Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Previous Article OpenSea Rewards Its NFT Customers With Pudgy Penguins SBTs OpenSea Rewards Its NFT Customers With Pudgy Penguins SBTs
Next Article Gossamer Bio Q1 2026 Deep Dive: EPS Misses by 17.6%, Income Up 72% Gossamer Bio Q1 2026 Deep Dive: EPS Misses by 17.6%, Income Up 72%
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FacebookLike
TwitterFollow
PinterestPin
InstagramFollow

Subscribe Now

Subscribe to our newsletter to get our newest articles instantly!

Most Popular
Iran alone accounts for almost 80% of worldwide executions in 2025, says report
Iran alone accounts for almost 80% of worldwide executions in 2025, says report
May 20, 2026
Forward of Market: 10 issues that can resolve inventory market motion on Wednesday
Forward of Market: 10 issues that can resolve inventory market motion on Wednesday
May 20, 2026
Up 30% this 12 months, the BP share value nonetheless seems to be undervalued regardless of oil surging. What’s the catch?
Up 30% this 12 months, the BP share value nonetheless seems to be undervalued regardless of oil surging. What’s the catch?
May 20, 2026
CII Jharkhand meets Hemant Soren on industrial coverage and EV ecosystem growth
CII Jharkhand meets Hemant Soren on industrial coverage and EV ecosystem growth
May 20, 2026
FYB Token Formally Launched: Constructing a Subsequent-Technology Platform Token with Deflationary Mechanism and Twin-Cycle Ecosystem
FYB Token Formally Launched: Constructing a Subsequent-Technology Platform Token with Deflationary Mechanism and Twin-Cycle Ecosystem
May 20, 2026

You Might Also Like

Funding phrase of the day: Debt-to-equity ratio — what is an effective D/E ratio and why does it matter?
Market Analysis

Funding phrase of the day: Debt-to-equity ratio — what is an effective D/E ratio and why does it matter?

3 Min Read
Nifty 50, Sensex at essential assist; Is it smart to comply with buy-on-dips technique in inventory market? EXPLAINED
Market Analysis

Nifty 50, Sensex at essential assist; Is it smart to comply with buy-on-dips technique in inventory market? EXPLAINED

3 Min Read
Price range 2025: From fiscal deficit to spending priorities, what to anticipate from Finance Minister Nirmala Sitharaman
Market Analysis

Price range 2025: From fiscal deficit to spending priorities, what to anticipate from Finance Minister Nirmala Sitharaman

6 Min Read
Shares to purchase or promote: Dharmesh Shah of ICICI Securities suggests shopping for Tata Energy tomorrow – 24 Feb 2025
Market Analysis

Shares to purchase or promote: Dharmesh Shah of ICICI Securities suggests shopping for Tata Energy tomorrow – 24 Feb 2025

4 Min Read

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

StockWaves

We provide tips, tricks, and advice for improving websites and doing better search.

Latest News

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Service

Resouce

  • Blockchain
  • Business
  • Economics
  • Financial News
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading

Trending

Iran alone accounts for almost 80% of worldwide executions in 2025, says report
Forward of Market: 10 issues that can resolve inventory market motion on Wednesday
Up 30% this 12 months, the BP share value nonetheless seems to be undervalued regardless of oil surging. What’s the catch?

2024 © StockWaves.in. All Rights Reserved.

Welcome Back!

Sign in to your account

Not a member? Sign Up