RPT-India's Congress party chief calls for gold import duty cut-TV

Thu, 23 Jan - 8:22pm

(Repeats to attach to alerts)

MUMBAI, Jan 23 (Reuters) - India's ruling Congress party leader Sonia Gandhi has written to the federal government, to ask for a cut in the record import duty on gold and for other restrictions to be eased, television channel CNBC Awaaz said citing sources that it did not identify.

The coalition government, led by Congress, is considering easing restrictions, which include a 10 percent import duty and a rule that says 20 percent of all imports must leave the country as exports, government sources told Reuters earlier this month.

India used to be the world's biggest buyer of bullion until the government introduced the curbs in order to contain a record current account deficit.

(Reporting by Siddesh Mayenkar; Editing by Jo Winterbottom)

((siddesh.mayenkar@thomsonreuters.com)(+91-22-61807163)(Reuters Messaging: siddesh.mayenkar.thomsonreuters.com@reuters.net))

Keywords: GOLD INDIA/

URN: 
urn:newsml:reuters.com:20140123:nI8N0IW01Z:5
Topics: 
TRD PIA PREC MINE TRF METL BANK DRV RTRS MIN GDM BMAT MMT GOL FIN GVD IN FINS DIP COM FRX EMRG ASIA DBT POL LEN SLVR PREMTL GEN CEN MCE MTAL

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