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Gold monetisation Scheme is not up to the mark, as only 400 gm Gold deposited

People do not seem to be interested in PM Narendra Modi’s Gold monetisation scheme as only 400 grams of gold has been deposited so far.

The gold monetisation scheme, bonds and coins were launched on November 5 by Prime Minister Narendra Modi to bring back 22 Thousand tonnes of Gold which is lying in temples and houses of the people of India.

Gold monetisation Scheme is not up to the mark, as only 400 gm Gold deposited

Source

The Finance Ministry has organized three meetings in a week itself, due to the slow response from the people.

The main reason for negative response from the people is the lack of awareness, and tax liability on maturity.

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