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13Jan 2025
Gold Import Data Revision: Impact on Budget Policy
Syllabus: GS-3: Economics of Animal-Rearing Why in the news? The Ministry of Commerce revised gold import data for April-November 2024, correcting a significant error caused by technical glitches in data migration systems. This revision reduces gold import figures by $12 billion, influencing decisions on import duties and addressing concerns over trade deficits and smuggling. Background …
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