Government imposes curbs
Current AffairsCommercial LawThe government has imposed curbs on the import of silver, moving it to the 'restricted' category. The move came after the government hiked the import duty on precious metals such as gold and silver to curb imports. The government relied on its power to regulate trade to make its decision, holding that the curbs were necessary to protect the domestic economy. This is relevant to law students as it highlights the government's power to regulate trade and the importance of understanding the impact of trade policies on the economy. It also has real-world implications for the precious metals industry, as it may lead to increased costs and reduced availability of silver.