Gold Monetisation Scheme: More Disadvantages?
The government has launched the Gold Monetisation Scheme (GMS) aimed at bringing the idle gold reserves out from private holding for productive use. The Scheme replaces the existing Gold Deposit Scheme 1999 (GDS), which was offering pathetic returns. The minimum deposit requirement is raw gold (bars, coins, jewellery, excluding stones and other metals) equivalent to 30gm (grams) of gold. 
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