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Gold Deposit Scheme
World Economy

Gold Deposit Scheme

Describing the proposed gold deposit scheme as “game changer”, India’s economic research department has said it will help attract at least Rs 1 trillion ($16.2b) in deposits on the precious metal, PTI reported.It will be a “game changer” by incentivizing the banks to hold a part of the deposits as part of the mandatory cash reserve ratio or the statutory reserve ratio, it said.

 

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