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India said to plan gold policy revamp for US$19b sector

The overhaul of India's disorganised and fragmented gold jewellery industry is meant to bolster confidence among consumers, crack down on tax evasion and ensure purity standards.

New Delhi

INDIA, which vies with China as the top consumer of bullion, is working on new policies to improve transparency and help expand its US$19 billion gold jewellery industry, according to people with knowledge of the matter.

The plans being worked out by the finance and...

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