This sector remains at centre-stage due to the growing expectation that government may slash import duty on gold to curb the growing menace on smuggling and easing crunch of gold in physical market. Though the government had hiked the import duty on gold to 12 percent to contain the burgeoning current account deficit.
The Finance Ministry may also consider withdrawl of commodity transaction tax (CTT) on commodity derivatives.
Reema Sharma/Ajeet Kumar
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