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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
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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

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



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