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INDIAN (B)

INDIAN (B)

Govt rules out higher tax on gold, mulls deposit plan

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Government is likely to spare gold from the list of items on which in plans to hike import duty in order to curb a widening current account deficit and arrest the rupee’s fall. The finance ministry is also reportedly planning a gold deposit programme aimed at attracting bullion lying with citizens, to cut imports of the metal by recycling it inside the country.



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