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Rajya Sabha
The Union Ministry of Commerce has constituted a committee to examine the regulatory structure of Gold Industry and to suggest measures to make India a gold trading hub. The committee has been asked to recommend measures to facilitate Mutual Funds to invest in gold, and to improve the ability of banks to implement the Gold Linked Savings Scheme. The committee will also suggest appropriate customs and foreign trade measures to facilitate the manufacturing and trading in gold and to ensure the quality of goods that are being traded.
Shri EVKS Elangovan, Minister of State for Commerce and Industry, stated this in a written reply in the Rajya Sabha here today.
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