Friday, December 19, 2014
Kashmir Times Logo Web Design Jammu, Web Design Company, Ideogram Jammu
Govt hikes import duty on gold; prices to go up
ActIT Jammu, Projects, Java,, C# Training Jammu
New Delhi, Jan 21 (Agencies): The government Monday hiked the import duty on gold and platinum to 6 percent from 4 percent with immediate effect - a move aimed at curbing imports of the precious metals to check the widening current account deficit.

"Government has decided to increase import duty on gold and platinum from 4 percent to 6 percent with immediate effect," Department of Economic Affairs Secretary Arvind Mayaram told reporters.

He further said the government will link Gold Exchange Traded Fund (ETF) with gold deposit scheme, which will enable mutual funds to unlock their physical gold and invest in gold- linked schemes offered by banks.

"The changes proposed to the Gold deposit scheme will make it attractive for individuals to deposit their idle gold with the banks under the Gold deposit scheme," Mayaram said.

He said the changes would help moderate import of gold and help in bridging the current account deficit (CAD).

Gold imports in 2011-12 amounted to USD 56.5 billion and in the current financial year, till December, they are estimated at USD 38 billion.
order abortion pill abortion pill abortion pill
where to buy abortion pills online abortion pill abortion pill

News Updated at : Monday, January 21, 2013
Comment on this Story 
Web Design Jammu, Web Design Company, Ideogram Jammu
Top Stories of the Day  
3 cops suspended; SPO disengaged, SHO attached
KULGAM, Jan 21: Amid a complete shutdown protests continued for the second running day today in Kulgam and its peripheries against the police excesses on a family yesterday. Meanwhile, the government today suspended three policemen and disengaged a special police officer (SPO) while SHO, Kulgam was attached with district police lines. A police party from police station Kulgam last night raided the house of Abdul Hamid Sheikh of Laroo, Kulgam and arrested his two sons and two daughters over so
> Victim remembers her father in poems
> Stranded PAK teen turns 18 away from home
> From Chakothi to Churunda, LoC villagers still fear flare up
> Principal Secy Home briefs Governor
> IG BSF briefs Governor
Other Stories from Web  
Find us on
Weather Report
Katra Taxi
Jammu Katra Taxi service
Mata Vaishnodevi | Matavaishnodevi | Mata Vaishno Devi
Web Design Jammu, Web Design Company, Ideogram Jammu
Home | Contact Us | Kashmir Times | Kashmir Times E-Paper - Jammu | Kashmir Times E-Paper - Srinagar | Dainik Kashmir Times | Jammu Prabhat
Copyright 2013 Kashmir Times Group. All rights reserved. Powered by Ideogram Technology Solutions Pvt. Ltd.