Sunday, November 3, 2024

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gold limits

Government clarifies that there is no ‘Gold Amnesty Scheme’ after media publishes misleading reports

 Media houses had reported earlier today that the government may soon announce a 'gold amnesty scheme' which will fix a holding limit for gold and will tax Indians over a certain amount of gold.

Reserve Bank of India clarifies that it has not sold any gold or trading in it, refutes the ET report categorically

Tweaking its headline a bit, the ET had falsely reported that RBI has begun to sell some of its gold again despite their own reports suggested that RBI had bought more gold rather than selling from its reserves.

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