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Industry sees no appeal in gold monetisation plan, says concerns remain

May 20, 2015

Industry sees no appeal in gold monetisation plan, says concerns remain

The idea is to attract gold lying idle among Indian homes into the banking system. This amounts to an estimated 20,000 tonnes of gold - or almost seven times global annual output. #Economy #Narendra Modi #TheySaidIt #Arun Jaitley #gold monetisation scheme
Gold monetisation: Smugglers might be more interested in scheme than households

May 20, 2015

Gold monetisation: Smugglers might be more interested in scheme than households

Since the new scheme offers freedom to deposit small quantities, in the present structure, illegal gold holders can actually earn tax free income #Black money #Banks #CAD #gold monetisation scheme
Gold monetisation: Tax-free interest on deposits is good but scheme may fall short on many counts

May 20, 2015

Gold monetisation: Tax-free interest on deposits is good but scheme may fall short on many counts

Banks would be skating on thin ice, with wafer thin margins which additionally depends upon the price of the yellow metal #Black money #Income tax #Capital gains tax #gold monetisation scheme #bank margins

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For Kidambi Srikanth, Gopichand's nudge was a big chance

Jun 10, 2013

For Kidambi Srikanth, Gopichand's nudge was a big chance

On Sunday, the 20-year-old justified the faith shown in him by Gopichand by becoming only the second Indian mens singles player to win a Grand Prix Gold title with a straight games upset of world number seven Boonsak Ponsana. #Sports #Badminton #Inpraiseof #Thailand Open Grand Prix Gold #K Srikanth #Boonsak Ponsana
Gold is in pause mode: 2012 may not see decisive moves

Mar 24, 2012

Gold is in pause mode: 2012 may not see decisive moves

The long term rally in gold may be in for a substantial period of consolidation if past price action of the precious metal is anything to go by. #Inflation #ThisisNext #Gold #United States dollar