India has fixed the loophole that allowed importers to import actual gold as liquid gold, without paying import duty. Learn more about what is liquid gold, what is this loophole, impact of the loophole, and the action taken by the government, only on FINMINATI. Find 1-min and 1-page news summaries on FINMINATI, where all the major news in business, finance and economy is explained simply and concisely in easy-to-understand articles.

The World Bank recently updated the International Poverty Lines to account for rising costs, adding 125 million people to the tally of extreme poor globally. Despite this, the poverty rate in India declined. Visit FINMINATI’s website to read more about the revision in International Poverty Lines, India’s latest poverty statistics and how India managed to reduce its Poverty Rate. FINMINATI is your go-to place for the latest news in business and finance.