Advertisement

HindustanTimes Sat,30 Aug 2014

Govt to consult RBI in easing gold import cubs: FM

Reuters  New Delhi, March 31, 2014
First Published: 17:08 IST(31/3/2014) | Last Updated: 17:10 IST(31/3/2014)

The government will consider easing curbs on gold imports in consultation with the Reserve Bank of India (RBI), Finance Minister P. Chidambaram told a news conference on Monday.

India, which used to be the No. 1 buyer of gold before the government slapped a record 10 percent import tax and put in place other restrictions to cut ballooning trade deficit, has recently allowed five private banks to import the metal.


Advertisement
more from Business

Sun-Ranbaxy deal: CCI raises concerns about molecules mkt

The Competition Commission, which has put the multi-billion dollar Sun-Ranbaxy deal for public scrutiny, said on Friday the major issue is whether the combination would result in high market concentration of certain molecules.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved