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Cabinet to take up Gold Monetisation Scheme in few weeks

Last Updated: Wednesday, July 22, 2015, 15:22

The scheme proposes to offer tax-free interest to individual on depositing the yellow metal with banks.

Now, get tax-free interest on gold deposits

Last Updated: Wednesday, May 20, 2015, 14:32

The draft gold monetisation scheme also provides for incentives to the banks, while individuals and institutions can deposit as low as 30 gms of gold, while the interest earned on it would be exempt from income tax as well as capital gains tax.

'Govt should frame national gold policy; set up gold bourse'

Last Updated: Tuesday, December 9, 2014, 14:54

The government should come up with a "national gold policy" focusing on setting up its Exchange and launching of several investment products like gold savings account to put an estimated 22,000 tonnes of idle gold assets into active use, a WGC-FICCI report said Tuesday.