Advertisement
trendingNowenglish2143260https://zeenews.india.com/bullion/india-likely-to-raise-import-curbs-on-various-items-gold-to-be-spared-2143260.html

India likely to raise import curbs on various items, gold to be spared

The government is also trying to curb imports of "non-essential" items to support the rupee.

India likely to raise import curbs on various items, gold to be spared

New Delhi: India is likely to impose higher import duties on precious stones, certain types of steel and electronics but will spare gold to prevent smuggling, a finance ministry official told reporters on Monday.

The official, who didn`t want to be named, said the main reason for the planned increase in duties was to restrict the inflow of items displaced by an escalating U.S.-China trade tensions. The government is also trying to curb imports of "non-essential" items to support the rupee.

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

NEWS ON ONE CLICK