Last Updated: Tuesday, April 03, 2012, 13:27
India's March gold imports slumped by more than half on an annual basis after jewellery retailers shut their doors nearly three weeks ago to protest tax increases on jewellers and gold imports in the federal budget last month, a top industry executive said Tuesday.
Last Updated: Monday, April 02, 2012, 18:01
The strike by bullion traders and jewellers continued for the 17th day today to protest the proposed increase in import duty on gold and imposition of excise duty on unbranded jewellery.
Last Updated: Tuesday, March 27, 2012, 21:51
The bullion market remained closed for the 11th day Tuesday following the strike by traders and jewellers against Budget proposals to bring them under the excise duty ambit.
Last Updated: Tuesday, March 20, 2012, 22:18
The protest by gold and jewellery traders entered the fourth day on Tuesday even as Finance Minister Pranab Mukherjee justified the hike in customs duty on gold saying its imports cause strain on balance of payment and impacts rupee's exchange rate.
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