https://www.taxtmi.com/news?id=4477 The statement identifies the Current Account Deficit drivers-weak exports, substantial gold imports, offset partly by services and remittances-and reports that the deficit was financed without drawing on reserves due to significant FDI and FII inflows and some external commercial borrowing. It appeals to moderate gold demand, noting high gold imports materially drain foreign exchange, and indicates the Government is considering measures to make gold imports more expensive to reduce pressure on the external account. en-us Wed, 02 Jan 2013 18:34:06 +0530 Wed, 02 Jan 2013 18:34:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4477 The statement identifies the Current Account Deficit drivers-weak exports, substantial gold imports, offset partly by services and remittances-and reports that the deficit was financed without drawing on reserves due to significant FDI and FII inflows and some external commercial borrowing. It appeals to moderate gold demand, noting high gold imports materially drain foreign exchange, and indicates the Government is considering measures to make gold imports more expensive to reduce pressure on the external account. News - Wed, 02 Jan 2013 18:34:06 +0530 https://www.taxtmi.com/news?id=4477