Gold
Gold Restrictions Fuel Black Market in India
The Indian government have put restrictions aimed at closing a widening current account deficit and creating a black market for gold in India.
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Gold Restrictions Fuel Black Market in India
The Indian government wants to cut gold imports to 800 tons by the end of the financial year, down more than five percent from the previous period. The restrictions are aimed at closing a widening current account deficit but, as Paul Allen reports, the authorities are facing a tough and traditional foe.
