TaxTMI 
TaxTMI 
Clarification on Media Reports on Gold Monetization Scheme
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....larification on Media Reports on Gold Monetization Scheme <br>News and Press Release<br>Dated:- 5-12-2015<br><BR>Some sections of the media have reported that Government will directly intervene to mon....
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....etize the gold held by charitable, religious and other institutions. It is clarified that this is complete misinformation. The Gold Monetization Scheme is entirely voluntary and it is for individuals,....
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.... institutions and others to take their own decision to monetize the gold held by them under the Scheme. The objective of the Scheme is to monetize the idle gold held within the country and promote fin....
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....ancial savings. A good part of the monetized gold will also be made available to meet the domestic requirement of gold. This will help in reducing our gold imports and save foreign exchange and deal w....
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....ith the problem of Current Account Deficit. It is once again reiterated that the Gold Monetization Scheme is purely voluntary. It is expected that individuals and institutions will consider the merit....
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....s and advantages of the Scheme and participate in it.<BR> News - Press release - PIB....