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Indian govt eyes gold stash but faces tight grip

The govt is trying to persuade people to lend their gold to banks through the new Gold Monetisation Scheme
Monday, October 12, 2015 - 05:50
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With little state social security to fall back on, gold is a vital safety net in India, in particular for women, for whom it may be the only savings they have.

New Delhi

CARESSING delicate bangles she hasn't taken off since her wedding 11 years ago, Geetanjali Agarwal says she won't hand over her gold to the government, as it wages a campaign to make the nation's hoard of the precious metal more productive.

"For a woman to part with her