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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
Gold scheme: Banks may offer interest on deposits of above 30 gms

May 19, 2015

Gold scheme: Banks may offer interest on deposits of above 30 gms

The government is trying to convince households, who sometimes have little faith in financial institutions, to break the tradition and hand over gold passed down the generations. #Economy #CRR #Arun Jaitley #PolicyWatch #Personal finance #World Gold Council #Statutory Liquidity Ratio #gold monetisation scheme
Finally! Mystery behind the viral White/Blue/Gold/Black dress revealed

May 19, 2015

Finally! Mystery behind the viral White/Blue/Gold/Black dress revealed

Scientists of the Massachusetts Institute of Technology have cracked the science behind why a dress appeared black and blue to some but gold and white to others #BuzzPatrol #Twitter #MIT #viral #the dress #white gold dress #blue and black dress
Delhi: 2 crew members of Virgin Atlantic airline held for smuggling gold

May 15, 2015

Delhi: 2 crew members of Virgin Atlantic airline held for smuggling gold

Two crew members of UK-based Virgin Atlantic airline have been arrested by DRI officials for allegedly trying to smuggle in gold valued about Rs 1.1 crore at the Indira Gandhi international airport. #India #Gold #NewsTracker #Virgin Atlantic #IGI airport #DRI
Festival season push: India's gold demand to bounce back in April-June, says WGC

May 14, 2015

Festival season push: India's gold demand to bounce back in April-June, says WGC

WGC's second-quarter gold demand numbers for India, expected to be released by mid-August, will likely show an improvement over the first quarter, when China was the top consumer for gold, overtaking India by nearly 100 tonnes. #Gold #Jewellery #World Gold Council
Spotted: Gold-plated Jaguar on Pune's streets

May 13, 2015

Spotted: Gold-plated Jaguar on Pune's streets

The world may run out of petrol but it will never run out of money to buy outrageously expensive vehicles.Super cars use carbon fiber for a lighter body and consequently faster speeds, but a gold plating is only meant to turn heads. #Gold #Pune #Gold Jaguar #Super Cars