Monday, November 17, 2014



Government to take steps to curb gold imports soon: FinMin source
India's gold imports surged nearly fourfold in October to $4.18 billion from a year ago. India is the world's No. 2 gold consumer behind China.


                NEW DELHI: Government is likely to announce measures to curb gold imports as early as Tuesday, a senior finance ministry source said, as a surge in inbound shipments threatens to worsen the country's trade deficit.

"We are working on it. The measures to slow gold imports are almost ready and may be announced today or tomorrow," said the source, who declined to be named because of the sensitivity of the matter.

Gold imports into India, the world's No. 2 gold consumer behind  ..
Comment:   Imports of the precious metal have risen steadily since August, boosted by jewellery demand for the wedding season, raising concerns among policymakers.

 pratima kumari
pgdm-3sem

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