Five steps to contain gold imports in India : Gold deposit schemes ( GDS)
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Five steps to contain gold imports in India  

Gold deposit schemes ( GDS)

In the recent weeks, many important decisions have been taken by SEBI and RBI to make gold deposit schemes (GDS) more simple and lucrative. However, the common man has still not been able to relate to it much. SEBI has recently allowed gold ETFs to invest in GDS of banks subject to certain conditions including that the total investment in GDS will not exceed 20 percent of total asset under management of such schemes.

Seeking to unfreeze idle gold, the RBI has also made changes in GDS to make it more attractive by lowering the investment time, changing its maturity period. In the Budget 2013 wishlist, a wider section of economists and analysts have demanded that more such gold deposit schemes should be introduced.


Ajeet Kumar/ReemaSharma

 
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