According to figures, smuggling of Gold rose by almost 300% between March 2013 and April 2014 in India.

Indians traditionally hoard gold in the belief it will bring
financial security. Now India, the world’s largest consumer of gold, is seeing
a record rise in smuggling, reports Shantanu Guha Ray.
An
estimated 700kg of gold is smuggled into India every day.
Officials
at India’s Financial Intelligence Unit (FIU) say the country has not seen such
a sharp rise in contraband gold for two decades.
They claim
smugglers are using innovative ways to bring in the metal illegally. Here system is failed to curb
the illegal smuggling. Because the staff of the Government is less efficient in
comparison to smugglers.
Sometimes
gold is melted into seed-shaped chips and hidden in dates from Dubai, or ground
into granules and mixed with other metals to look like ore. The metal is also
being converted into gold belt buckles and torch batteries.
The
smuggling is becoming increasingly difficult to contain, admit regulators.
Officials from the Directorate of Revenue
Intelligence say smugglers are regularly using the
 air route, taking advantage of airlines that club
international routes with domestic ones using the same flight
. This is too much precarious
condition that our public functionaries want that smugglers may smuggle gold
openly so that they may detain the smugglers feasibly .This is good practice to
conceal its inefficiency by praising efficiency of smugglers
 
‘Unprecedented’
First, carriers smuggle gold abroad and hide it in the
aircraft, while another set of carriers board the same flight on the domestic
route and walk away with the consignment
. But the delivery of
consignment is taking place in India where our agencies are well equipped to
curb such illegal practice Unfortunately they can’t because smugglers are more
efficient than our Government servants.
“This
is unprecedented and unbelievable. A new industry has emerged in India – it is
a very dangerous situation,” says Konal Doshi, a top official at the Gems
and Jewellery Export Promotion Council (GJEPC), a Mumbai-based body of the
Indian Commerce Ministry.
According to
his figures, smuggling rose by almost 300% between March 2013 and April 2014. This is showing sheer
inefficiency of our public functionaries and putting question mark on their
working style.

2 comments on According to figures, smuggling of Gold rose by almost 300% between March 2013 and April 2014 in India.

  1. But the delivery of consignment is taking place in India where our agencies are well equipped to curb such illegal practice Unfortunately they can't because smugglers are more efficient than our Government servants.
    "This is unprecedented and unbelievable. A new industry has emerged in India – it is a very dangerous situation," says Konal Doshi, a top official at the Gems and Jewellery Export Promotion Council (GJEPC), a Mumbai-based body of the Indian Commerce Ministry.
    According to his figures, smuggling rose by almost 300% between March 2013 and April 2014. This is showing sheer inefficiency of our public functionaries and putting question mark on their working style.

  2. How much surprising that on one side of screen ,more than 70% population is on verge of starvation in India and on the other side of screen it is largest consumer of gold in the world. Smuggling of gold has reached to 300% in the financial year 2013 to 2014, who are buying this gold.? These facts are really surprising and exposing corruption in our system. There is too much resentment in the larger section of the people and only 10% are satisfied with this system who are spending luxurious life on the public exchequer.

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