Pre-budget quote by Mr. Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL)
Pre-budget quote:
The Union Budget for 2023-24 is being presented at a critical juncture marked by geopolitical uncertainty, high inflation, and slowing global economic growth, which has led to record-high prices of gold in India. At this point, calibrated steps to boost domestic sources of growth are critical for maintaining a steady economic growth trajectory. The bullion industry has recommended an import duty reduction in gold to the commerce ministry, the commerce ministry has urged the finance ministry to do the same in the Union budget of 2023.