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13 th September, 2014 -BHARGAVA N. VAIDYA e-mail : bnv1964@yahoo.co

MAKING GOLD MONETISATION SCHEME WORK. 13 th September, 2014 -BHARGAVA N. VAIDYA e-mail : bnv1964@yahoo.co.in. HISTORY. SHOP FLOOR STOCK WAS LOW GAP RUN BY MOST JEWELLERS GOLD DEPOSIT SCHEME (GDS) ALSO POPULAR WITH MANY. THEN. High Interest Rate for Gold

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13 th September, 2014 -BHARGAVA N. VAIDYA e-mail : bnv1964@yahoo.co

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  1. MAKING GOLD MONETISATION SCHEME WORK 13th September, 2014 -BHARGAVA N. VAIDYA e-mail : bnv1964@yahoo.co.in B.N. VAIDYA & ASSOCIATES

  2. HISTORY • SHOP FLOOR STOCK WAS LOW • GAP RUN BY MOST JEWELLERS • GOLD DEPOSIT SCHEME (GDS) ALSO POPULAR WITH MANY B.N. VAIDYA & ASSOCIATES

  3. THEN • High Interest Rate for Gold • Accumulation with Jewellers • No Legal restriction on acceptance of Deposit or Collective Savings scheme B.N. VAIDYA & ASSOCIATES

  4. Analysis of Gold Scheme 1999 Background • No Gold lease through Imports • Market Lease rate on Gold around 9 % • Fixed & stable rate of Import duty • Plan to use Hallmarking Centers B.N. VAIDYA & ASSOCIATES

  5. Negative Points Gold Deposit Scheme 1999 • Available of Cheaper International Gold lease ( 1% against deposit cost of 3 %) • Trouble from Local Levies (Octroi etc) • Duty variation risk and balance sheet cost of it • No incentive for bank or staff B.N. VAIDYA & ASSOCIATES

  6. WAY OUT • Institutional • Legal Support • Structural Changes • Execution issues • Taking all stake holders along. B.N. VAIDYA & ASSOCIATES

  7. B.N. VAIDYA & ASSOCIATES

  8. INDIA A MAJOR BULLION & JEWELLERY HUB B. N. VAIDYA & ASSOCIATES

  9. ** My Dream** Full Fledged Metal Bourse Mumbai Bullion Fix B. N. VAIDYA & ASSOCIATES

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