Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (45333)	1/28/2004 9:23:04 PM
From: Joe S Pack	of 74559

Here is something more to ponder on the Gold and Silver front. That is equally applicable to the energy and commodity fronts too. hindu.com India to remove Curbs on gold, silver imports. By Sushma Ramachandran NEW DELHI, JAN. 28. In a mini-version of the Exim policy, the Government today announced a series of measures to boost export growth. This included launching a gold card scheme for creditworthy exporters, removing curbs on gold and silver imports, allowing duty-free fuel imports for the manufacturing sector and making capital goods imports easier for the services sector. .... n the removal of curbs on gold and silver imports, he said that imports would no longer have to be canalised through public sector agencies, easing supply for the gem and jewellery industry. The country was turning into a "jewellery hub," and the sector accounted for a big chunk of the export basket. With the country's buoyant foreign exchange reserves, it was possible to offer this facility. The ceilings on import of global positioning receivers, electrical energy and air guns have also been lifted while export of fertilizers has been liberalised. -Nat

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