Last Updated: Tuesday, December 17, 2013, 09:40
India will keep a tight leash on gold imports despite a recent improvement in its trade deficit and lobbying by a bullion industry struggling with high premiums and a supply crunch.
Last Updated: Tuesday, September 10, 2013, 21:00
Gold imports have fallen sharply to USD 650 million in August on account of a slew of steps taken by government to curb inbound shipments of the precious metal, a development that will help narrow the record current account deficit.
Last Updated: Monday, July 29, 2013, 14:33
Gold imports in India, the world's biggest buyer of the metal, rose in July, Finance Minister P. Chidambaram said on Monday, from 31.5 tonnes shipped in June.
Last Updated: Monday, June 24, 2013, 22:01
The government Monday slashed the import tariff value of gold to USD 421 per ten grams and that of imported silver to USD 709 per kg, considering the falling trend in global prices.
Last Updated: Wednesday, June 19, 2013, 22:07
A trade body Wednesday said the restriction on import of gold imposed recently by the government may bring short-term benefits but warned it would do more harm than good for the nation in the long run.
Last Updated: Tuesday, June 11, 2013, 18:10
Government is not contemplating additional measures to curb gold imports which are expected to drop substantially this month, a senior Finance Ministry official said Tuesday.
Last Updated: Monday, June 10, 2013, 15:35
Within days of hiking import duty on gold, Chief Economic Advisor Raghuram Rajan Monday said government could take more steps to curb demand for the precious metal amidst widening current account deficit.
Last Updated: Thursday, June 06, 2013, 22:39
Global rating agency Moody's Thursday said the government's decision to issue about Rs 15,000 crore inflation bonds in the current fiscal in its bid to curb demand for gold is unlikely to have any positive impact on the country's rating.
Last Updated: Wednesday, June 05, 2013, 21:07
RBI measures to curb gold imports show that the central bank will try to hold the rupee in the range of Rs 52-56 against the US dollar, Bank of America Merrill Lynch has said.
Last Updated: Tuesday, June 04, 2013, 19:38
World Gold Council Tuesday said that curbing gold import may have short-term benefit in containing demand, but cautioned that consumers’ appetite for yellow metal will ultimately be fulfilled by the unauthorised grey market.
Last Updated: Tuesday, June 04, 2013, 19:16
The Reserve Bank Tuesday extended the restrictions on gold import to other agencies in addition to banks, a moved aimed at curtailing demand for the precious metal for domestic use amid widening current account deficit.
Last Updated: Monday, June 03, 2013, 17:47
The Finance Ministry Monday said the government could take more steps to reduce gold imports, which may include banning sale of the yellow metal by banks.
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