What are the prospects of restrictions on gold import again?
Posted on: 18/Dec/2014 2:30:22 PM
The central government recently relaxed the restrictions on gold import.
Consequently, there has been a spurt, almost 6 times, in the gold imports.
The central government circle officials feel that this a matter for concern and this trend will increase the deficit.
Mr. Rajiv Kher, Secretary of the Department of Commerce in the central government, while participating in a function in Mumbai, informed that the government has been closely monitoring the gold imports.
If the trend is rising gold imports continue, the government will be compelled to take necessary action. However, presently there are no plans to impose any restrictions
