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Commodities Briefing - Categorized | Bullion/Gold, Regulatory more

Gold rush in India? Government steps in again

Posted on 09 August 2012

The Indian government is at it again. Worried that the flow of savings is moving towards investment in gold, India’s Finance Minister P Chidambaram has said there is a need to spread financial literacy to encourage people to invest in market instruments and not bullion.
This was followed by the Prime Minister, Manmohan Singh, laying down policy decisions to direct the shift of investment towards insurance and mutual fund schemes………………………………………..Full Article: Source


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