Bullion industry proposes plan to turn India’s idle gold into working capital
Mumbai: Conversations around recycling household gold and restricting end-use of imports are making a comeback amid sliding rupee and balance of payment deficit. Confining the use of imported gold to jewellery exports, involving jewellers in a gold monetisation programme, a gold metal loan (GML) that functions as bank cash credit, and cutting tax on interest earnings from gold deposits are…
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