India has no plans to reduce gold import tax
Duncan Richardson, News Editor
24 Jan 2014, 9:33 a.m.
According to Indian Finance Minister P. Chidambaram India has no plans to reduce the current import tax on gold. Speaking to CNBC TV18 in Davos the minister added, “Until we have a firm grip on the current account deficit I do not contemplate any roll back in any measure. We will have a full idea of the current account deficit only when the budget is presented and when the year comes to an end,"