By the Press Trust of India
via The Times of India, Mumbai
Saturday, December 5, 2015
NEW DELHI, India -- The gold monetisation scheme is purely voluntary for
individuals and institutions and they can make their own decision to monetise
their gold, the Finance Ministry today clarified.
"The gold monetisation scheme is entirely voluntary and it is for
individuals, institutions, and others to take their own decision to monetise
the gold held by them under the scheme," the Finance Ministry said in a
statement. "The objective is to monetise the idle gold held within the
country and promote financial savings,"
The ministry was reacting to media reports that the government will
intervene directly to monetise gold held by charitable, religious, and other
institutions. ...
... For the remainder of the report:
http://economictimes.indiatimes.com/news/econ...-monetisatio...
* * *
World's Richest Hindu Temple May Move Stash to Modi's Gold Scheme
By Nidhi Verma
Reuters
Friday, December 4, 2015
NEW DELHI, India -- The richest Hindu temple in the world could soon come
to the rescue of Prime Minister Narendra Modi's plan to recycle tonnes of
idle gold and cut economy-hurting imports.
The gold monetisation scheme, aimed at persuading individuals,
institutions and rich temples to deposit some of their gold stash with banks
to recycle, has only attracted about one kg in a month out of a total hoard
of over 20,000 tonnes.
But the Sri Venkateswara Swamy Temple, popularly known as the Tirupati
Temple that is believed to have been the abode of Lord Vekateswara for 5,000
years, may become the biggest contributor with more than 5.5 tonnes of gold.
...
... For the remainder of the report:
http://in.reuters.com/article/india-temple...i-idINKBN0TN...
