Newsmakers: Volkswagen cars flout emission norms, rupee at 30-mth low and more - Photos-1
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Newsmakers: Volkswagen cars flout emission norms, rupee at 30-mth low and more

Key business news events for the day
Govt to auction at least 3 gold mines this year
The government is planning to auction at least three gold mines in 2016, an official said, opening up the sector to private firms for the first time ever in a bid to slash imports of the metal that cost the government $36 billion last year. Economically crippling shipments of up to 1,000 tonnes of gold, accounting for about a quarter of country's annual trade deficit, have already prompted the government to hike import duties and launch a scheme aimed at mobilising a pool of over 20,000 tonne of the metal lying idle in homes and temples.
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