" The Ministry of Commerce and Industry today made a case for easing curbs on gold imports as over - regulation is encouraging smuggling of the yellow metal. “I have been of the consistent view that we have to have a balance. Over - regulation leads to another problem...and that is smuggling. Therefore, some easing is essential,” Commerce and Industry Minister Anand Sharma told reporters here."
Prohibition breeding illegal activities? Who would have thunk. The above report was from the Hindu Newspaper but its probably far from a done deal. This is an election year in India and the politicians there will do everything short of selling their mothers to win/retain their political gravy train.