Government introduces gold monetisation schemes

August 2016
Indian Jewellery Review;8/30/2016, p1
The article reports on introduction of Gold Monetization Scheme (GMS) by Indian Prime Minister Narendra Modi during the Union Budget 2015-2016. Topics discussed include changes in the scheme guidelines through the Gold Deposit Scheme (GDS) and the Gold Metal Loan (GML) Scheme, the scheme's objective to reduce cost of borrowing by using idle gold through banks which will benefit as the Gold Reserve Fund, and features of the scheme to benefit in interests and tax exemption.


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