“India hiked import duty on refined gold bars for a third time in eight months to 10 per cent from the earlier 8 per cent, the Finance Ministry said in a statement on Tuesday. The government also raised the import duty on silver to 10 per cent from the earlier 6 per cent, and the factory gate duty on gold bars to 9 per cent from 7 per cent. India, the world’s biggest buyer of gold, has been trying to curb imports of the yellow metal, which is the second biggest imported item after crude oil. On July 22, the RBI required a fifth of all gold imports to be used for export, usually in the form of jewellery.”
http://ibnlive.in.com/news/india-raises-import-duty-on-gold-silver-to-10-per-cent/413946-7.html
Related posts:
Parliament reports 24,000 attempts to access porn sites since election
Marijuana Compound Fights Cancer; Human Trials Next
British prime minister: We’re not considering regime change in Syria
U.S. Sentencing Commission expected to recommend lower sentences for drug dealing
A Surprising Health Insurance Option For Those Who Refuse ObamaCare
TSA bomb-sniffing dog bites woman at Hartsfield-Jackson
Colorado's neighboring sheriffs lamenting their own marijuana arrests?
After vote, China tells Taiwan to abandon independence "hallucination"
Bitcoin: the fastest growing currency in the world
Dolce and Gabbana jailed over tax evasion
Ron Paul slams US on Crimea crisis: Russia sanctions 'an act of war'
Turkish Public Sours on Syrian Uprising
Lawsuit: Multi-state voter registration database exposed partial SSNs
Negative rates leading to 'day of reckoning' fear on Wall Street
Egypt's Tragedy: Military Dictatorship Takes Shape on Nile