💨 Abstract

The Indian government has formed a committee to address errors in gold import data due to a migration of data transmission mechanisms. Double counting was noticed as the system calculated both imports into SEZ and subsequent clearance into DTA as separate transactions. The government has revised gold import data, bringing down numbers for November by USD 5 billion to USD 9.84 billion.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖