Gold Import Scheme

Find gold import and smuggling link, says FM Nirmala Sitharaman

The remarks came against the backdrop of a substantial quantity of gold seized between April last year and March this year

Black hole in the economy

the fact that the estimates of the size of the black economy in India varied from 7 per cent to 120 per cent of GDP is a matter of surprise - and some concern

Gold import scheme: PAC panel for probe by CBI, ED into 35 jewellers

The revenue secretary and top officials of the ED, the Central Board of Direct Taxes and the Central Board of Excise and Customs had appeared before the panel

Why were trading houses allowed to import gold a day before LS results: BJP

In August 2013, the then UPA government had introduced the 80:20 rule

80:20 gold import scheme: The fire behind the smoke in UPA's policy

The scheme, touted as a panacea to burgeoning CAD, was a huge flop that fostered a spike in smuggling and allowed several Gitanjali-like players to make a killing

FinMin likely to share details of 80:20 gold import scheme with PAC

The rule was scrapped in November 2014 after the NDA came to power