Tuesday, December 18, 2012

Govt plans gold-linked schemes to curb imports

Attributing the surge in gold imports to high current account deficit, the Government today said it is considering schemes such as gold deposits, accumulation plans, gold-linked accounts and pension products to curb demand for the precious metal. In its Mid-Year Economic Analysis tabled in Parliament today, the government said gold-backed products will help the investor enjoy benefits of investment in the metal without investing in the physical commodity........

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