Gold ETFs can now invest in Gold Deposit Schemes, says Sebi
Rising gold imports have been a major concern for the government as it contributes substantially to the widening Current Account Deficit (CAD) -- the difference between the inflow and outflow of foreign currency.
Gold imports till December stood at USD 38 billion. In 2011-12 fiscal, its import stood at USD 56.5 billion.
Be the first to comment.