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India proposes gold-linked bonds to lower bullion imports

Last Updated: Friday, June 19, 2015, 09:32

The country consumes nearly 1,000 tonnes of gold every year, most of it imported, and gold is the second-biggest expense on the import bill after oil. 

Bullion imports may drop 29% to $44 bn in FY'13

Last Updated: Friday, August 17, 2012, 19:37

Bullion imports are expected to fall by about 29 percent this fiscal to USD 44 billion, the Prime Minister Economic Advisory Council said in a report released on Friday.