Gold Monetization Scheme
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20 comments Page 2 of 2.
Sameer Mathur said:
7 years ago
Warm Regards to all,
In my view, gold monetization scheme is a great initiative by our Government as we can keep our gold in any form in Gold Monetization Scheme and earn interest as the price of the metal grows up.
It is a fantastic avenue to earn some return which otherwise was parked in Bank Lockers or homes.
From the point of view of Taxmann, its transfer is exempt vide Section 47 and any interest earned on it is exempt u/s 10 (15) (vi).
In my view, gold monetization scheme is a great initiative by our Government as we can keep our gold in any form in Gold Monetization Scheme and earn interest as the price of the metal grows up.
It is a fantastic avenue to earn some return which otherwise was parked in Bank Lockers or homes.
From the point of view of Taxmann, its transfer is exempt vide Section 47 and any interest earned on it is exempt u/s 10 (15) (vi).
(16)
Rakesh shivbhakt said:
6 years ago
Gold mobilization is a great move by the government of India because most people kept their gold at home and take tension from theft and no earn money from gold. That's why now they can also earn money by depos2their gold in banks take advantage of government schemes.
And due to this our GDP also increase simultaneously. The everyday cost of gold increases so we never earn money but this is the chance that we also make money.
And due to this our GDP also increase simultaneously. The everyday cost of gold increases so we never earn money but this is the chance that we also make money.
(34)
Shivam Singh said:
6 years ago
Gold Monetization will help people earn money without even worrying about the safety of their gold. Most beneficial point if it will be that it will contribute to economic activity and therefore increase the GDP of the nation as savings don't contribute to the nation's economy. With people earning money as well as the country's economy going up, I and believe that it is a brilliant scheme by the government.
(13)
Shubham said:
1 year ago
Gold monetization scheme is good for Indian citizens because in India people are more interest in purchasing gold and store them so government Launched this scheme for people of India deposite gold in any respective banks and here you will get some amt of interest and your gold will be safe there and this is good for India it will mobile and we don't need to be so much import gold.
(7)
Srinivas K said:
7 years ago
Indians are very fond of Gold ornaments as everyone knows. We, just keep those in the locker and use occassionally to showcase our richness in the society. But, why we really need to keep something idle for years and years in lockers which has capability to increase your wealth? GMS is one such nice scheme by Govt, by which we can earn money with our Gold.
(15)
Bablu said:
9 months ago
The Gold Monetization Scheme (GMS) is an initiative launched by the Government of India in 2015 to encourage people to deposit their idle gold holdings into the banking system.
The primary aim of the scheme is to reduce the dependence on gold imports, thereby improving India's trade balance, and allowing individuals to earn interest on their unused gold.
The primary aim of the scheme is to reduce the dependence on gold imports, thereby improving India's trade balance, and allowing individuals to earn interest on their unused gold.
(3)
Adamya Kaushik said:
1 year ago
The Gold monetization scheme is good for Indian citizens because in India people are more interested in purchasing gold and storing it. So the government Launched this scheme for the people of India to deposit gold in any respective bank. Here you will get some amount of interest and your gold will be safe there this is good for India.
(4)
Sandeep said:
7 years ago
I think gold monetisation is good of every people as well as the country. Some people have a large amount of gold and they are worried about gold or theft. And this does not give extra money but gold monetisation gives you approx 2. 2-2. 5%per annum and also safe your gold.
(9)
Ashu said:
7 years ago
Gold monetisation have following merits:.
-it is safer with the government.
-intrest revenue.
-helps in GDP growth.
-good for society and people both.
-better to use it instead of keeping it idle at home.
Thank you.
-it is safer with the government.
-intrest revenue.
-helps in GDP growth.
-good for society and people both.
-better to use it instead of keeping it idle at home.
Thank you.
(21)
Muskan said:
7 years ago
According to me, it'a great idea of gold monetisation because as we can see the liquidity of gold has been dec soo much so by this we can get gold back in the markets rather than storing them in banks lockers.
(13)
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