Thursday, July 3, 2014

Centre must set up gold bank, deposit accounts to check smuggling: Assocham

.............The industry chamber has mooted a proposal in this regard to the finance minister, nudging him to consider unveiling it in the upcoming Union Budget. "The gold bank would procure and retain gold abroad through offshore foreign currency borrowing. Using this gold from the gold bank, scheduled commercial banks can offer gold deposit account to their retail customers. finance minister could consider announcing it with the Budget," Assocham president Rana Kapoor said...............

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