By Neha Dasgupta From Reuters Friday, November 25, 2016
The government may impose curbs on domestic holdings of gold as Prime Minister Narendra Modi intensifies a fight against "black money," news agency NewsRise reported, citing an unnamed finance ministry official.
NewsRise did not provide further details. A finance ministry spokesman declined to comment on the report.
Gold premiums in India jumped to two-year highs last week as jewellers ramped up purchases on fears the government might restrict imports after withdrawing higher-denomination notes from circulation in its fight against black money. ...
... For the remainder of the report:
http://in.reuters.com/article/india-modi-corr...d-idINKBN13K0H5
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No Proposal to Restrict Gold Holding by Individuals
From the Press Trust of India via The Times of India, Mumbai Friday, November 25, 2016
NEW DELHI -- The government is not considering any proposal to restrict holding of gold by individuals, a top finance ministry source said today.
Following the demonetization of 500- and 1,000-rupee notes in a bid to crack down on black money, there were apprehensions among people that the government might impose some kind of restrictions on gold holding by individuals.
"There is no such proposal before the government on restricting domestic gold holding," the source said. ...
http://economictimes.indiatimes.com/news/e...roposal-to-r...
