New Delhi, May 19 (IANS) The government on Tuesday dismissed as ‘false, misleading and baseless’ reports and social media claims suggesting that it was planning to introduce a gold monetisation scheme for temple trusts and religious institutions across the country.The Ministry of Finance, in an official clarification, said certain media reports and social media posts were falsely claiming that the Centre was planning to issue gold bonds to temples in exchange for temple gold reserves or had appr…
Latest Gold Monetisation Scheme News & Updates
New Delhi, May 13 (IANS) The Gem and Jewellery Export Promotion Council (GJEPC) on Wednesday urged the government to hold consultations with industry stakeholders after the recent hike in gold import duty, saying that higher duties do not reduce imports but instead lead to a rise in prices and encourage smuggling.In a statement, the council said that increasing import duties on gold has historically failed to curb imports, even as gold prices have nearly doubled in recent years without a proport…
Surat, May 11 (IANS) Supporting Prime Minister Narendra Modi’s appeal to avoid non-essential gold purchases in order to save foreign exchange reserves, industry experts on Monday said that gold should not be viewed merely as a consumption item, but also as a key pillar of India’s culture, savings tradition, financial security and women’s empowerment.India Bullion and Jewellers Association (IBJA) Gujarat President Nainesh Pachchigar said the Prime Minister’s call could help conserve valua…