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Inviting comments on the Draft Gold Monetization Scheme

Dated:- 21-5-2015 - The Finance Minister in his budget speech for the Union Budget 2015-16 made the following announcement: India is one of the largest consumers of gold in the world and imports as much as 800-1000 tonnes of gold each year. Though st .....

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ld Deposit and Gold metal Loan Schemes. The new scheme will allow the depositors of gold to earn interest in their metal accounts and the jewellers to obtain loans in their metal account. Banks/other dealers would also be able to monetize this gold . .....

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