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माननीय प्रधानमंत्री ने राष्ट्र की स्वतंत्रता के 75 वर्ष पूर्ण हो जाने पर वर्ष 2022 तक सभी के लिए आवास की परिकल्पना की है। इस उद्येश्य की प्राप्ति के लिए केन्द्र सरकार ने एंक व्यापक मिशन "2022 तक सबके लिए आवास" शुरू किया है। 25 जून 2015 को प्रधानमंत्री श्री नरेन्द्र मोदी ने इस बहुप्रतीक्षित योजना को प्रधानमंत्री आवास योजना के नाम से प्रारम्भ किया है।
Hon’ble Prime Minister envisioned housing for All by 2022 when the Nation completes 75 years of its Independence. In order to achieve this objective, Central Government has launched a comprehensive mission “Housing for All by 2022”. This much awaited scheme has been launched by the Prime Minister of India, Sh. Narendra Modi on 25th June, 2015 as Pradhan Mantri Awas Yojana.

2018-04-08

Gold Monetisation Scheme: Unstarred Question in Loksabha

Gold Monetisation Scheme

(a) whether India has surpassed China as the world’s largest gold consumer resulting in outflow of Forex reserves, if so, the details thereof and the reasons therefor; 
(b) whether the Government has recently launched a Gold Monetization Scheme (GMS) 2015/Sovereign Gold Bond (SGB) Scheme and a National Gold Coin under gold monetization programme to reduce reliance on gold imports by encouraging households to monetize their gold, if so, the details thereof; 
(c) whether the Government has received any representations against this scheme and proposes to make changes in the GMS/SGB including increasing the interest rate on Gold Bonds, if so, the details thereof along with the action taken thereon;
(d) whether the Government has taken any steps to protect depositors from tax department questioning the source of gold for this scheme, if so, the details thereof and the remedial action taken thereon; and 
(e) the extent to which the GMS is likely to improve Gross Domestic Product (GDP) and curb inflation and the steps taken by the Government to popularize this scheme?

GOVERNMENT OF INDIA
MINISTRY OF FINANCE

LOK SABHA

UNSTARRED QUESTION NO: 6667                                        ANSWERED ON: 06.04.2018

Gold Monetisation Scheme

HEMANT TUKARAM GODSE

Will the Minister of FINANCE be pleased to state:-

(a) whether India has surpassed China as the world’s largest gold consumer resulting in outflow of Forex reserves, if so, the details thereof and the reasons therefor; 

(b) whether the Government has recently launched a Gold Monetization Scheme (GMS) 2015/Sovereign Gold Bond (SGB) Scheme and a National Gold Coin under gold monetization programme to reduce reliance on gold imports by encouraging households to monetize their gold, if so, the details thereof; 

(c) whether the Government has received any representations against this scheme and proposes to make changes in the GMS/SGB including increasing the interest rate on Gold Bonds, if so, the details thereof along with the action taken thereon;

(d) whether the Government has taken any steps to protect depositors from tax department questioning the source of gold for this scheme, if so, the details thereof and the remedial action taken thereon; and 

(e) the extent to which the GMS is likely to improve Gross Domestic Product (GDP) and curb inflation and the steps taken by the Government to popularize this scheme?

ANSWER

MINISTER OF STATE IN THE MINISTRY OF FINANCE

(a) No, Madam. As per World Gold Council’s yearly data for 2017, China is the largest consumer of Gold and India is the second largest consumer of Gold.



(b) Yes, Madam. Government of India has launched Gold Monetisation Scheme (GMS) 2015, Sovereign Gold Bond (SGB) Scheme and Indian Gold Coin (IGC) on 5th November, 2015. The detailed guidelines of the Gold Monetisation Scheme are available vide RBI’s Master Direction No. DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015, which is available on RBI’s website. The detailed guidelines of the Sovereign Gold Bond Scheme are available vide Government of India’s Gazette Notification F.No. 4(25)-W&M/2017 dated 6 October, 2017. The Indian Gold Coin is the country’s first national gold coin of 24 carat purity with 999 fitness which is minted indigenously. It has the Ashok Chakra engraved on one side and face of Mahatma Gandhi ji on the other.

(c) The Government receives representations from various organizations and individuals with suggestions to improve the Schemes. These are taken note and necessary changes made from time to time based on the review of the schemes.


(d) The Gold Monetisation Scheme does not provide tax amnesty. As per the guidelines issued by the Government on Gold Monetization Scheme which are available on the website of Ministry of Finance, tax exemptions, same as those available under the earlier Gold Deposit Scheme (GDS), would be made available to the customers, as applicable.

(e) The objective of the Gold Monetisation Scheme is to mobilize the gold held by households and institutions in the country to put this gold into productive use and in the long run to reduce the current account deficit by reducing the country’s reliance on the imports of gold to meet the domestic demand.

*******
Source: Loksabha
PDF/WORD(Hindi)                               PDF/WORD(English)

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