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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 stocks of gold in India are estimated to be over 20,000 tonnes, most of this gold is neither traded, nor monetized. Keeping this in view, the government in Budget 2015-16 has announced the Gold Monetization Scheme which will replace both the present Go .....

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