Gold imports
Gold imports News
Gold imports up 4 per cent to USD 17.63 billion in Apr-Sep 2018-19
To mitigate the negative impact of gold imports on trade deficit and CAD, the government took certain measures to cut the inbound shipments of the yellow metal.
Exports slide for ninth straight month in August
However, the deficit has narrowed as compared with July, when the figure stood at $12.81 billion. Imports, too, declined by 9.95 per cent to $33.74 billion.
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The thing with gold
Gold monetisation schemes may not take off immediately. Yet their introduction is sound policy
FinMin finalising gold monetisation scheme
Sources said finance ministry is in talks with the RBI to finalise modalities of the scheme under which banks would also be permitted to deposit the gold as part of their CRR and SLR requirements.
Ballooning trade deficit pulls R to 13-month low at 63.64
Sensex records steep 538-point drop on currency, falling crude.
Golden rule
Scrapping gold import curbs was overdue. In future, steer clear of measures that signal financial repression
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Govt set to impose fresh curbs to stem surge in gold imports
The finance ministry is considering bringing back the provisions of the 80:20 scheme, relaxed in May.
Exports growth hits 5-month low in Aug; trade gap widens
Gold imports nearly tripled to $2.03 billion in August from $738.7 million a year ago.
Gold imports dip by 25% in FY14
Number of gold smuggling cases increased from 500 to 869 between FY12-FY13.
Gods forbid: Temples guarding their gold from government
The World Gold Council estimates there are about 2,000 tonnes of gold locked away in Indian temples.
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