PM Modi's call to cut gold purchases & 15% tax change India's import numbers
· economictimes.indiatimes.com
Modis renewed call to curb gold purchases comes as the government seeks to reduce Indias gold import bill and put some of the estimated 31,000 tonnes of household-held gold into circulation. Gold imports fell each month after a similar appeal in May — by nearly 4% in May, 20% in June, 23.7% in July and nearly 30% in August.
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