Blog tagged as Gold monetization

What is it all about? People of our country possess a huge amount of gold as we know India is the largest consumer of Gold. So this scheme deals with making the not utilized gold to be transformed into money or we can say it deals with the objective of making Gold productive. What is expected to hap...

India, presently inhabiting a huge amount of current account deficit (CAD) in their balance of payment account due to high imports, has finally found a way to diminish it by lowering their gold import bill. Government of India has launched a new scheme called ‘Gold Monetization Scheme’. Under this s...