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Home>Manipulation and Fractional Gold>Indian government mobilizes 6.4 tonnes of gold under paperization scheme

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Indian government mobilizes 6.4 tonnes of gold under paperization scheme

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Chris Powell

GATA

Published : March 16th, 2017

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FOLLOW : Country Economy Georgia Gold Indian Metal Report

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Category : Manipulation and Fractional Gold


	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. ... ... For the remainder of the report: http://economictimes.indiatimes.com/news/econ...ernment-mobi...

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IMG Auteur

Chris Powell 13 abonnés

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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