Monday, 6th December 2004 (2529 views)

A new committee has been convened by the Indian government to examine the regulatory structure of the gold sector in the country.

The aim of the review is to make a number of recommendations designed to improve the competitiveness of the industry, Sify Finance reports.

Commerce minister E V K S Elangovan commented: "The Committee is expected to submit its report within six weeks from the date of its first meeting.

"The findings of the Committee are expected to improve the prospects of gold trade in the country."

The committee is expected to make recommendations to help banks hedge in future markets on gold, facilitate mutual funds to invest in gold, and improve the ability of banks to implement gold-linked saving schemes.

 

« Back to the stories

 

The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.