Duties on gold import, non-essential items may go up: P. Chidambaram

Aug 12 2013, 19:47 IST
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SummaryGovt announces slew of measures to fetch addl $11 bn this fiscal to arrest rupee fall, tame CAD.

non-resident deposit schemes, Chidambaram said incremental flows into these schemes would be exempt from CRR and SLR requirements.

In the FCNR accounts, interest on deposits with a maturity of three years or more has been deregulated. "So all together in liberalising FCNR, NRE deposit schemes we expect to get a billion dollars", he said.

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