Monday, July 8, 2013

Govt set to review gold curbs

NEW DELHI: The recent measures to tighten gold imports have ended up creating a severe supply crunch for traders , prompting ministries to review the norms. Industry sources told TOI that gems and jewellery exporters are feeling the pinch as some banks have virtually stopped imports, while others supply with a lag. Besides, the import curbs have prompted banks through which shipments have to be routed to raise service charges, adding to the burden.............

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