Demonetisation: No proposal to restrict gold holding by individuals
Saturday, November 26, 2016 IST
The government is not considering any proposition to confine holding of gold by people, a top back service source said on Friday.
Taking after the demonetisation of 500 and 1,000 rupee notes in an offer to take action against dark cash, there were misgivings among individuals that the administration may force some sort of confinements on gold holding by people.
"There is no such proposition before the legislature on confining local gold holding," the source said.
There were reports that many individuals have changed over their dark cash into gold after the declaration of demonetisation of high division coin notes by Prime Minister Narendra Modi on November 8.
The government had before denied that there was any move to digitize individual lockers in banks in the midst of bits of gossip in web-based social networking that they would be opened just within the sight of income authorities.
Related Topics
Related News & Articles
HIGHLIGHTS
A US national, John Allen Chau, was killed by an uncontacted tribe living in one of the Andaman a...
Recently posted . 739 views . 3 min read
New Delhi: The State Bank of India (SBI) has made an amendment in service charges, increments/alterations on different keeping money movement like ATM withdrawal, o...
Recently posted . 1K views . 10 min read
One Rupee note is issued by the Government of India and not the Reserve Bank.
Recently posted . 693 views . 0 min read
The demonetisation move is probably going to hit extravagance properties. Costs are probably going to plunge by as much as 25% to 30% as merchants battle to offload...
Recently posted . 830 views . 22 min read
PM Narendra Modi Speech Highlights: PM Modi said timely decisions and measures have played a great role in tackling coronavirus in India.
Recently posted . 586 views . 1 min read
Trending News & Articles
While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content.
...
Recently posted . 64K views . 1 min read
The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...
Recently posted . 9K views . 1 min read
Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million.
Rahul and his girl friend was th...
Recently posted . 9K views . 7 min read
True – Tr...
Recently posted . 8K views . 83 min read
More in National
Ex-Bihar Chief Minister Jagannath Mishra's cremation took place at his ancestral village in Supaul district and it was attended by Nitish Kumar and others.
...
Recently posted. 631 views . 1 min read
NEW DELHI: Increasingly, the world wants to shut the door on Indian professionals, especially the tech workers, who want to work in foreign countri...
Recently posted. 617 views . 4 min read
The CBSE Class 10th result will be declared tomorrow on the board’s official website, cbse.nic, education secretary Anil Swarup said in a tweet
Recently posted. 644 views . 1 min read
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 2K views
Recently posted . 2K views
Recently posted . 3K views . 126 min read
Recently posted . 3K views . 34 min read
The High Court of Karnataka has brushed off a batch of petitions filed by means of candidates, who sought admission to few-12 months and five-12 months ordinary reg...
Recently posted. 668 views . 12 min read
Indian Railways plans to scrap the upcoming diesel locomotive manufacturing unit in Marhaura, Bihar, but it won’t be easy.
Recently posted. 710 views . 18 min read