The government will liberalise
SEZ rules that includes easing of land requirement and provision of an exit policy soon, Commerce Secretary S R Rao said. “I think in a couple of weeks time rules will come out,” Rao said on the sidelines of an event organised by ASSOCHAM here.
Gold import curbs
The Commerce Secretary also said that the government, including RBI as well as concerned ministries, is striving to curb gold imports in order to contain the widening Current Account Deficit (CAD).
“...RBI, Finance and Commerce ministries are involved. So, we are consulting. At the moment this is all I can say,” Rao said.
Huge import of gold widened trade deficit to $17.7 billion in April. The government is considering taking other steps to bring down the import of gold including banning of gold coin sale by banks.
FTA with EU
On FTA with EU, Rao said that a “small gap” was creating obstacles for the conclusion of the proposed Free Trade Agreement (FTA) between India and the EU. “All I can say is we are extremely close to the finalisation, but small gap is also becoming very difficult,” Rao said.
Source : newindianexpress.com