Onshore dollar bonds: a potential ‘Make in India’ initiative4 min read . Updated: 16 Mar 2015, 08:37 PM IST
The gold monetization scheme is expected to replace the gold deposit and loan schemes
An interesting instrument envisaged in the budget is the issuance and management of gold bonds to Indian residents. The annual consumption of gold In India for investment purposes is estimated to be 200 tonnes. The estimates are derived from the purchase of bars and coins in India, other than jewellery. Indian gold investors could warm up to such bonds.
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