Re-look at gold import curbs after Diwali: FM

Faced with five-fold rise in gold imports that is pushing up the current account deficit, Finance Minister Arun Jaitley on Monday said the government would look at re-imposing curbs on gold imports after Diwali. 'Let the festival season be over, I will have a look at it,' said Jaitley replying to a query on whether government will re-impose restrictions on gold imports. 'I don't want to spoil the festival season. It is only a few days away. Therefore, after the festival I will have look at it,' Jaitley said.

The government as well as the Reserve Bank had imposed a string of restrictions on gold imports as country's CAD widened to record high of 4.8 per cent of GDP in the financial year 2012-13.