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Business - Economy - Politics - January 10, 2025

Gold trade bodies call for flexibility in monetisation scheme

Gold trade bodies call for flexibility in monetisation scheme

Gold trade bodies have suggested the government make the Gold Monetisation Scheme (GMS) more attractive in the upcoming budget by offering flexible tenures, higher interest rates, and tax-exemptions on up to 500 grams of ancestral gold deposits. The aim is to mobilise 22,000 tonnes of gold and reduce imports.

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