Gold import duty hike to add to revenue collections: Dr Ajit Ranade
By Ira Dugal | Published On: January 22, 2013 10:35 (IST) | Duration: 9 min, 06 sec
The decision to hike gold import duty will have a limited impact on gold imports, says Dr Ajit Ranade, chief economist at Aditya Birla Group. However, he adds that negative real returns on financial instruments will keep investment demand for gold high. According to him, the move will also add to the government’s revenue collections for the year.