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Govt rules out higher tax on gold, mulls deposit plan

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.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OMjWol
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