“Introduction of the Gold
Monetization Scheme and proposed gold coins with the Ashoka Chakra are
both encouraging initiatives. The resolve to discourage cash-based
transactions augurs well but considering the fact that a significant
class of consumers may not have a PAN card; this might trigger more
purchase from the unorganized sector leading to a loss to the
exchequer.”
T S Kalyanaraman, CMD, Kalyan Jewellers
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