Finance Ministry reviews the progress of Gold related Schemes; Total gold collected under Gold Monetisation Scheme (GMS) is 2891 kgs; Banks asked to put concerted efforts to mobilize more gold under the GMS in order to achieve the Scheme’s objectives https://www.taxtmi.com/news?id=16185 Gold Monetisation Scheme progress was reviewed; banks were directed to intensify mobilisation of gold, expand tripartite and bipartite agreements with CPTCs and refiners, enrol eligible jewellers as CPTCs in underserved areas, and adopt a practical approach to guarantees or collateral, while IBA and World Gold Council will run a government supported media campaign. Separately, Sovereign Gold Bond tradability was to commence soon and a further tranche will be issued. en-us Tue, 17 May 2016 10:18:12 +0530 Tue, 17 May 2016 10:18:12 +0530 TaxTMI RSS Generator Finance Ministry reviews the progress of Gold related Schemes; Total gold collected under Gold Monetisation Scheme (GMS) is 2891 kgs; Banks asked to put concerted efforts to mobilize more gold under the GMS in order to achieve the Scheme’s objectives https://www.taxtmi.com/news?id=16185 Gold Monetisation Scheme progress was reviewed; banks were directed to intensify mobilisation of gold, expand tripartite and bipartite agreements with CPTCs and refiners, enrol eligible jewellers as CPTCs in underserved areas, and adopt a practical approach to guarantees or collateral, while IBA and World Gold Council will run a government supported media campaign. Separately, Sovereign Gold Bond tradability was to commence soon and a further tranche will be issued. News - Tue, 17 May 2016 10:18:12 +0530 https://www.taxtmi.com/news?id=16185