Blame Lower Current Account Deficit On Slowing Economy Too

  The good news is that India has brought about a drastic reduction in its frightening current account deficit (CAD) numbers.   The not-so-good news is that the drop did not happen only because of a curtailment of gold imports (by imposing duties).   Rather, it happened because of economic slowdown and a drop in … Continued

Has Gold Smuggling Really Increased In India?

Addressing tax officials on the Customs Day on 28th Jan, Finance Minister P Chidambaram said that there has been an increase in the smuggling of gold to the tune of about 1-3 tonnes every month ever since the restrictions were imposed on the yellow metal last year. IndiaSpend did a quick check to see the amount … Continued