https://www.taxtmi.com/news?id=3245 The current account deficit widened through 2007-2011 and has been financed by capital inflows and reserve drawdowns; higher imports of petroleum and gold drove the increase. The Union Budget 2012-13 proposes increased basic customs duty on specified gold and platinum imports, and the Reserve Bank of India has adopted prudential measures restricting gold collateral lending by NBFCs to limit gold financed imports' impact on the balance of payments. en-us Tue, 08 May 2012 18:42:59 +0530 Tue, 08 May 2012 18:42:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3245 The current account deficit widened through 2007-2011 and has been financed by capital inflows and reserve drawdowns; higher imports of petroleum and gold drove the increase. The Union Budget 2012-13 proposes increased basic customs duty on specified gold and platinum imports, and the Reserve Bank of India has adopted prudential measures restricting gold collateral lending by NBFCs to limit gold financed imports' impact on the balance of payments. News - Tue, 08 May 2012 18:42:59 +0530 https://www.taxtmi.com/news?id=3245