November 29, 2015 12:04 PM

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FM to hold review meeting with banks to assess gold monetization scheme

Finance Ministry will hold a review meeting with banks and RBI representatives on Tuesday to assess gold monetization scheme. Launched at this month the scheme has seen a slow response. The Meeting will be chaired by Economic Affairs Secretary Shaktikanta Das and also likely to be attended by RBI Deputy Governor H R Khan.Banks are now in talks with institutions and temples to popularize the scheme. Scheme has been able to garner only 400 gm of physical gold till November18.To get better response Ministry has allowed depositors to give their gold directly to the refiner without involving the collection and purity testing centers wherever it is acceptable to the banks.

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