Indian government mobilizes 6.4 tonnes of gold under paperization scheme
From the Press Trust of India
via The Times of India, Mumbai
Friday, March 10, 2017
NEW DELHI -- The government has collected 6.4 tonnes of gold under the scheme for monetising the metal, Parliament was informed today.
Launched in November 2015, the scheme intends to mobilise idle gold held by households and institutions so that the wealth can be put to productive use.
The scheme also intends to reduce the current account deficit by lowering country's reliance on gold imports to meet the domestic demand, Minister of State for Finance Arun Ram Meghwal said in a written reply in the Lok Sabha. ...
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