Gold policy India at latch
Now it is clear that the gold policy India is at latch. It is now shaping up at NITI Aayog even during the election! Recognizing the criticality and untapped potential of the gold market for providing a stimulus to exports, economic growth and employment, a Committee on Transforming India’s Gold Market was constituted by NITI Aayog under my Chairmanship, Ratan P. Watal, Principal Adviser, NITI Aayog and Member Secretary, EAC – PM. Initially themes were set well, 1: Current Industry Profile, 2: Market Segmentation & Estimating Trends for Gold Market in 2022 including Bullion Exchange, 3: Trade and Investment Issues-Incentive Structure & Ease of Doing Business, Regulatory Framework for Gold, 4: 5: Tax Issues, Gold in the Financial System and Digital Payments, 6: Bridging Skill Development and Employment Generation & Technology Up gradation. Various experts also enriched the sub group deliberations. The challenges were emerging from a regulatory framework, p