........RBI had set up a working group under the chairmanship of K U B Rao, a senior executive, to study issues related to gold and gold loans by non-banking finance companies (NBFCs). Their draft report has been published on the central bank’s website for suggestions. The group has suggested gold loan companies should consider only the price of the yellow metal and not the jewellery making charges and other taxes in determining the value of the gold...........
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