All posts tagged: gold monetisation scheme

No proposal to monetise temple gold holdings approved: Govt

No proposal to monetise temple gold holdings approved: Govt

The government on Tuesday dismissed as `false, misleading and baseless` reports and social media claims suggesting that it was planning to introduce a gold monetisation scheme for temple trusts and religious institutions across the country.  The Ministry of Finance, in an official clarification, said certain media reports and social media posts were falsely claiming that the Centre was planning to issue gold bonds to temples in exchange for temple gold reserves or had approved a proposal for monetisation of temple gold holdings. “The speculation and rumours suggesting that the Government is planning to introduce a monetisation scheme for gold held by temple trusts or any religious institution across the country are completely false, misleading and without any basis,” the statement said. The government also rejected claims that gold plates installed on temple towers, doors or other temple structures would be treated as “Strategic Gold Reserves of India”. “It is clarified that claims suggesting that gold plates on temple towers, doors, or other temple structures will be considered as ‘Strategic Gold Reserves of India’ are false, …