Saturday, August 31, 2013

Govt considering bullion bank to mobilise idle gold

Indians estimated to be holding 20-25,000 tons of gold. Every year 800-900 tons of gold added to this
The government and the Reserve Bank of India () are considering buying idle gold from investors and routing it to to replace imports. To facilitate this, a  or Bullion Corporation of India (BCI) is proposed to be set up

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