The customs duty on gold and retail prices of diesel may witness another hike if the recommendations of the Planning Commission are accepted as concerns are being raised over financing of current account deficit (CAD) in 2013-14.

In a presentation to its chairman - Prime Minister Manmohan Singh - the Planning Commission has suggested that higher duty than the current 8% be imposed on gold imports in 3-6 months.

The Commission also wanted oil marketing companies to raise diesel prices by Rs 2-3 per litre to restrain demand. Read More

Jyothi Shankaran

    Jyothi’s last role was as Senior Editor with the business news channel Bloomberg TV India. He also worked as News Editor at business-standard.com, the online version of the business newspaper Business Standard. Jyothi is a chemical engineer from the Regional Engineering College, Srinagar.