..............Within a month of introducing curbs, RBI withdrew the circular banning consignment imports for domestic use and 100% cash margin.These measures were considered too harsh which led to a sharp drop in imports.Gold imports fell by 80% of their May imports after imposition of these measures. After virtually crippling the industry, government has removed these norms but introduced new ones.Though not as bad as the earlier one, new norms will create a new set of problem both for the industry and government. ............
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