rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Congress party chief Sonia Gandhi calls for gold import duty cut

Congress party chief Sonia Gandhi calls for gold import duty cut

January 23, 2014 16:46 IST

Congress party chief Sonia Gandhi has written to the government, to ask for a cut in the record import duty on gold and for other restrictions to be eased, television channel CNBC Awaaz said citing sources that it did not identify.

The coalition government, led by Congress, is considering easing restrictions, which include a 10 per cent import duty and a rule that says 20 per cent of all imports must leave the country as exports, government sources told Reuters earlier this month.

India used to be the world's biggest buyer of bullion until the government introduced the curbs in order to contain a record current account deficit.

Siddesh Mayenkar in Mumbai
Source:
© Copyright 2013 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.