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New Gold Monetisation Scheme in the works: How government aims to reduce dependence on imported gold
New Gold Monetisation Scheme in the works? The government is evaluating a proposal to allow jewellers to participate in a revamped Gold Monetisation Scheme (GMS) as part of efforts to bring into circulation a portion of the nearly 30,000 tonnes of gold estimated to be lying idle with Indian households.
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economictimes.indiatimes.com
Jewellers may be louped in for idle gold mobilisation
The government is exploring a revamped Gold Monetisation Scheme, aiming to involve jewellers for the first time to tap into the vast amount of household gold. This initiative…
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India has got a $5 trillion sleeping giant: Can govt wake it up?
India holds an estimated $5 trillion worth of gold in households and temples, yet continues to spend billions importing more every year. As pressure on the rupee and trade deficit…
