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
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 jewellery, that is very difficult," said the 38-year-old New Delhi housewife, who also buys gold coins at the Indian festival of Diwali as an investment.
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