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An Indian-American organisation has asked the Indian Government to increase the limit of duty-free gold that an NRI couple can bring to India.
The North American Punjabi Association (NAPA) in a statement has asked the Indian Government to increase the limit to Rs 3 lakh from the current Rs 1.5 lakh.
“The proposed increasing the limit of duty-free import of jewellery through passenger baggage to Rs 50,000 for men and Rs 1,00,000 for women will not prevent harassment to travellers but will also play an important role in increasing the corruption at the airports,” NAPA spokesman Satnam Singh Chahal said.
“If the Government of India is serious to attract Non-Resident Indians to invest and contribute in the overall development of India, then it should make it sure that there should not be any kind of harassment to NRIs visiting India,” he said.
NAPA has also asked the Government to make equity investment more attractive and liberalise the equity savings scheme to enable the first-time investor to invest in mutual funds.
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