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India's golden tariffs

Article Abstract:

Demand for gold is strong in India, where more was spent on the metal than on cars in 1998, according to one calculation. The government has raised import tariffs on gold, but this is unlikely to reduce demand, due to cultural pressures such as the usage of gold as a means of saving in rural areas. Critics argue that the government simply wishes to increase tax revenues by imposing this tariff.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999

Gold Ore Mining, India, Gold ores, Gold Bullion, Gold industry, Tariffs

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Reform starts to pay: investment in India

Article Abstract:

India has begun to open its market further into foreign investments and free it of the punitive tariffs that kept a variety of goods out of the country. Many companies are now beginning to reinvest there, the largest being the Royal Dutch Shell Group of Cos.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992

Foreign operations, Foreign investments, Investments, Petroleum industry, Royal Dutch-Shell PLC

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Subjects list: Economic aspects, India

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