Gold ETFs can now invest in Gold Deposit Schemes, says Sebi
PTI: Mumbai, Feb 15 2013, 20:49 IST
banks with a view to increase domestic availability of physical gold.
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.
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