Policy to develop gold as an asset class: Jaitley
Thursday - February 1, 2018 2:34 pm ,
Category : BUSINESS
Policy to develop gold as an asset class: Jaitley
New Delhi Feb 1 (IANS) Finance Minister Arun Jaitley on Thursday said the government would formulate a comprehensive Gold Policy to develop the precious metal as an asset class.
The government had been planning to formulate a Gold Policy for long to set standard norms in the industry.
"The government will also establish a system of consumer friendly and trade efficient system of regulated gold exchanges in the country " Jaitley said while announcing the Union Budget 2018-19.
Talking about government s Gold Monetisation Scheme he said it would be revamped to enable people to open a hassle-free Gold Deposit Account.
--IANS
ag/vm
