Govt to consult RBI on easing gold import curbs - finance minister
NEW DELHI (Reuters) - 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.
(Reporting by Rajesh Kumar Singh; editing by Malini Menon)
- Tweet this
- Share this
- Digg this
- Rapper Lecrae leads debut-filled top ten of Billboard 200 chart
- UPDATE 2-U.S. House passes bill to avert govt shutdown, extend Export-Import bank
- Biden apologizes for 'Shylocks' gaffe, visits Iowa
- HIGHLIGHTS - Fed chief Yellen's remarks at press conference
- US STOCKS-Wall St edges higher after Fed; Dow sets record
The Federal Reserve renewed its pledge to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than expected when it starts moving. Article | Factbox
China cenbank injects $81 bln into major banks to support economy - reports Full Article