Duties on gold import, non-essential items may go up

The Indian government is finding out the hard way that capital controls don't work.  Neither does the restriction on sound money--gold and silver.  As we predicted, raising taxes on gold imports only encouraged smuggling.

http://www.indianexpress.com/news/duties-on-gold-and-nonessential-items-may-go-up-p.-chidambaram/1154366/