Gold's own country: India's booming smuggling sector

Gold prices have hit record high soaring past Rs 60,000 mark but the high prices have not deterred the greed for gold. And we are getting it by hook or by crook as smuggling also soars. Host Kiran Somvanshi speaks to a veteran of the customs department as he reveals shocking tales and tactics of new age smuggling. The big question -: Are high import duties the very cause of the booming illicit gold trade? Is the solution the problem? We hear from Dr. Rajesh Kumar Verma, Additional Director General, Central Board of Indirect Taxes and Customs, Somasundaram PR, India MD and CEO - World Gold Council, Nawal Agrawal, Convener, Jewellery Panel Committee, Gems & Jewellery Export Promotion Council and Pradeep Thakur, Editor - Governance at the Times of India. Credits: Don - Shemaroo Entertainment, Zanjeer - Prakash Mehra, Aakhri Sanghursh - G. M. Patel, Adalat - A. K. Nadiadwala, Zee Business News and Business Today News If you like this episode from Kiran Somvanshi, check out her other interesting episodes on Patients Before Patents or Profits, Corporate Citizenship - The Marico Way, India’s First Lady of Forensics and more!  You can follow our host Kiran Somvanshi on her social media: Twitter & Linkedin Catch the latest episode of ‘The Morning Brief’ on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Google Podcasts.See omnystudio.com/listener for privacy information.