"There is a mechanism to periodically review it (gold import norms). We will take an appropriate view as and when required," Sharma told PTI.
To check rising current account deficit, the government has raised import duties and the Reserve Bank of India had imposed curbs on import of the yellow metal and also laid down various pre-conditions for inward shipments of the precious metal.
"We need a balanced approach. “We are allowing gold imports for the industry usage. “I don't think they can be drastically brought down. . .that is why, I have always favoured
FIPB defers decision on Vodafone's Rs 10,141 crore proposal
We have to be very careful while raising rates: Rajan
Gold, silver imports dip 80.55% to $1.05 bn
Messi slams Barca vice president over contract comments
Office rents shoot through the roof