The Union Commerce and Industry Minister, Anand Sharma, said that the gold import norms would be revisited shortly.

Speaking on the sidelines of the inaugural event of the WaterHealth India’s Jaladhara Foundation on the outskirts of Hyderabad, he said, “There is enough availability of gold in the country but we will revisit the import norms. Our effort is to tackle the channel of gold smuggling.”

Mr. Sharma further said the Cabinet Committee on Economic Affairs was likely to discuss and approve 100 per cent foreign direct investment in railways and construction. “We will discuss the matter with the finance ministry, and will take a decision shortly,” he said.

More In: Economy | Business