Gold smuggling Current Affairs, GK & News

Smuggling in India report, 2019-20

Context in Current Affairs: The Finance Minister Nirmala Sitharaman recently released the Smuggling in India Report 2019-20. The report was released during the 63rd founding day celebrations of Directorate of Revenue Intelligence.  The report analyses the smuggling trends on narcotic drugs, gold and foreign currency, security and commercial frauds. Overall Findings of the Report The ..

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International NGO IMPACT reports India as among the Largest Gold Smuggling Hubs in the World

Canadian Nongovernment organization (NGO), IMPACT, in its study, named A Golden Web: How India Became One of the World’s Largest Gold Smuggling Hubs, has mentioned that India imports gold around 1,000 tons every year, which is a quarter above the official figures shown. Highlights from the report : About one-third of the total world’s gold ..

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