Government hikes import tax on gold by 50 per cent

The government on Monday hiked import duty on gold to 6 per cent from 4 per cent effective immediately, a finance ministry official said on Monday, in a bid to cut down ballooning current account deficit.

The news sent gold futures higher by a percent.

The duties will be reviewed if there is a moderation in gold imports, Economic Affairs Secretary Arvind Mayaram told reporters.


  • Monetary policy review needs to look beyond key policy rate

    After changes in the interest rate cycle direction, expectation of some action on rates is high before every monetary policy review of the Reserve Ban


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Arun Kumar Jain

India in a new age work order

There are three broad categories of people in the world ...

Rajgopal Nidamboor

The balancing act of nature

It’s a fact of modern life that you and I ...

Dharmendra Khandal

For a lark, let's do something serious finally

It’s a sight to behold. As you drive through a ...


William D. Green

Chairman & CEO, Accenture