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Published byLenard Preston Modified over 9 years ago
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13 th September, 2014 -BHARGAVA N. VAIDYA e-mail : bnv1964@yahoo.co.in MAKING GOLD MONETISATION SCHEME WORK B.N. VAIDYA & ASSOCIATES
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HISTORY SHOP FLOOR STOCK WAS LOW GAP RUN BY MOST JEWELLERS GOLD DEPOSIT SCHEME (GDS) ALSO POPULAR WITH MANY B.N. VAIDYA & ASSOCIATES
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THEN High Interest Rate for Gold Accumulation with Jewellers No Legal restriction on acceptance of Deposit or Collective Savings scheme B.N. VAIDYA & ASSOCIATES
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Analysis of Gold Scheme 1999 Background No Gold lease through Imports Market Lease rate on Gold around 9 % Fixed & stable rate of Import duty Plan to use Hallmarking Centers B.N. VAIDYA & ASSOCIATES
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Negative Points Gold Deposit Scheme 1999 Available of Cheaper International Gold lease ( 1% against deposit cost of 3 %) Trouble from Local Levies (Octroi etc) Duty variation risk and balance sheet cost of it No incentive for bank or staff B.N. VAIDYA & ASSOCIATES
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WAY OUT 1.Institutional 2.Legal Support 3.Structural Changes 4.Execution issues 5.Taking all stake holders along. B.N. VAIDYA & ASSOCIATES
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INDIA A MAJOR BULLION & JEWELLERY HUB
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B. N. VAIDYA & ASSOCIATES
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