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India to discuss changes to gold scheme post muted response

Monday, November 30, 2015, 13:15
This news item was posted in Business category and has 0 Comments so far.
India to discuss changes to gold scheme post muted response

Prime Minister Narendra Modi launched the scheme on Nov. 5 to lure an estimated 20,000 tonnes of gold hoarded in households and temples into the banking system. But only 400 grams trickled in over the first two weeks as low returns and worries over income tax kept Indians away.

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