Sr015 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Sr015. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Sr015 Today - Breaking & Trending Today

Idle gold for an ideal economy?

New Delhi [India], January 17 (ANI/Mediawire): Bestowed with individuals holding nearly 25,000 tons of yellow metal, India has a tall opportunity to spin the wheel of the economy. With individuals alone holding 25,000 tons of yellow metal worth USD 1.5 trillion, India has a tall opportunity to spin the wheel of the economy. Mobilising idle gold or gold stashed within bank lockers and individual almirahs has been the government's priority with the first of its gold-monetisation policy announced in 1999. Under the revamped gold monetisation scheme (GMS, 2015), customers were offered a significantly higher interest rate and income-tax exemptions. While the availability of a gold monetisation scheme, sovereign gold bond, or ETFs, offer consumers the power to reliably invest in gold; such schemes have not resulted in a reduction in gold import. A successful GMS policy could not only persuade consumers to a viable financial instrument but also rationalise precious forex outgo. ECONOMIC & ....

United Arab Emirates , Hong Kong , New Delhi , Malabar Gold , Managing Director , Hallmark Unique Identification , New Delhi India , Anuary 17 Ani Mediawire Bestowed With Individuals Holding Nearly 25 , 000 Tons Of Yellow Metal , Ndia Hasa Tall Opportunity To Spin The Wheel Of Economy With Individuals Alone Holding 25 , 000 Tons Of Yellow Metal Worth Usd 1 5 Trillion , Ndia Hasa Tall Opportunity To Spin The Wheel Of Economy Mobilising Idle Gold Or Stashed Within Bank Lockers And Individual Almirahs Has Been Government 39s Priority With First Its Monetisation Policy Announced In 1999 Under Revamped Scheme Gms , Ustomers Were Offereda Significantly Higher Interest Rate And Income Tax Exemptions While The Availability Ofa Gold Monetisation Scheme , Sovereign Gold Bond , R Etfs , Ffer Consumers The Power To Reliably Invest In Gold Such Schemes Have Not Resulted Ina Reduction Importa Successful Gms Policy Could Only Persuade Toa Viable Financial Instrument But Also Rationalise Precious Forex Outgo Economic Amp Industrial Benefits Back Of Envelope Calculation Suggests That Idle Country Help Us Avoid Importing For Thirty Years Annual Import Bill 800 1 , 000 Tons Of Gold Not Only Inflates The Current Account Deficit But Also Makes Expensive To Jewellers An Existing Base 25 , 000 Tons Held By Individuals Could Turn Intoa Resourceful Procurement Strategy For Jewellers The Industry Which Has Targeted An Export Potential Usd 45 70 Billion Competitive Focusing On Gold Recycling Recycled From Domestic Sources Isa Strong Push Competes Against Likes Of United Arab Emirates , Hong Kong , Nd Even Russia For Established Jewellers Such As Malabar Gold And Diamonds , Ecycling Is Alreadya Viable Business Model Malabar With Over 160 Points Of Sale Across The Country Hasa Dedicated Workforce That Speaks Desired Language When It Comes To Customers Wanting Exchange , Epair Or Process Old Gold Quot The Layman Household Individual Is Comfortable Speaking To Us About Idle In His Locker We Have System Not Only Give Customers Assurance On Purity Of But Also Offer Her Incentive Needed Turn Their , Uot Sayso Asher , Anaging Director At Malabar Gold Amp Diamondsa New Savings Accounta Collaborative Gms Policy Leveraging From Banks And Jewellers Is Likely To Empower Financial Inclusion The Last Milea 2018 Niti Aayog Report Attributes 60 Per Cent Of Sale Rural India Also , He Country Has More Goldsmiths 300 , 000 Thana Bank Branch Or An Atm 211 ,