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India to review gold restrictions by end of March

Section: Daily Dispatches

By Manoj Kumar
Reuters
Monday, January 27, 2014

NEW DELHI -- India will review its tight curbs on gold imports by the end of March, the finance ministry said on Monday.

India used to be the world's biggest buyer of bullion until last year, when a swollen current account deficit prompted the government to slap a record 10 percent duty on imports and the central bank to tie imports to exports.

With the current account deficit now expected to be sharply down in the current fiscal year and the leader of the Congress party, which heads the government, reportedly asking for a reprieve, a change was increasingly on the cards.

... For the full story:

http://in.reuters.com/article/2014/01/27/india-economy-gold-idINDEEA0Q06...



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Jim Sinclair plans seminar in Austin

Gold advocate and mining entrepreneur Jim Sinclair will hold his next market seminar from 2 to 6 p.m. Saturday, February 8, at the Austin, Texas, Airport Hilton. Advance registration is required. Details for the Austin seminar are posted at JSMineSet.com here:

http://www.jsmineset.com/2014/01/02/austin-texas-qa-session-confirmed/