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Idle gold held in various Indian temples have always attracted attention of the media worldwide. According to a rough estimate around $ one trillion gold is held in these temple which include famous
Sree Padmanabhaswamy Temple, Tirumala Tirupati Devasthanams Temple, Siddhivinayak Temple in etc. . With the launch of Gold
Gold Monetization Scheme , it was reported by some section of media that Modi Government is eying for these gold.
Now the Govt. has come up with the following press release denying any such intent on the part of it.
Ministry of Finance
Government of India
04 December, 2015 17:14 IST
PRES RELEASE
Clarification on Media Reports on Gold Monetization Scheme
Some sections of the media have reported that Government will directly intervene to monetize the gold held by charitable, religious and other institutions. It is clarified that this is complete misinformation. The Gold Monetization Scheme is entirely voluntary and it is for individuals, institutions and others to take their own decision to monetize the gold held by them under the Scheme. The objective of the Scheme is to monetize the idle gold held within the country and promote financial savings. A good part of the monetized gold will also be made available to meet the domestic requirement of gold. This will help in reducing our gold imports and save foreign exchange and deal with the problem of Current Account Deficit.
It is once again reiterated that the Gold Monetization Scheme is purely voluntary. It is expected that individuals and institutions will consider the merits and advantages of the Scheme and participate in it.
Government Denies Media Reports that it will directly intervene to monetize the gold held by charitable, religious and other institutions | 04-12-2015 |
