<h1>Government Ends 80:20 Gold Import Scheme, Plans Probe into Expansion Favoring Private Traders.</h1> The government clarified the 80:20 gold import scheme, initially introduced to curb the current account deficit by mandating that 20% of imported gold be used for export. Initially, only banks and public sector units could import gold, but in May 2014, private trading houses were also allowed, leading to significant windfall gains for them. This move was criticized for being discriminatory and benefiting private entities unfairly. Consequently, the new government abolished the scheme in November 2014, reducing gold imports and eliminating the undue advantage previously granted to private trading houses. The government plans to investigate the decision-making process behind the scheme's expansion.