Elimination of 1% excise duty on branded gold coins, is a
good move by the Government and a win-win situation for the industry and consumers,
said Mr. Gopal Jiwarajka , President, PHD Chamber of Commerce and Industry in a
press statement issued here today.
This will boost the investment sentiment among the people
and help consumers to invest their good money in gold for the long term savings’
perspective, said Mr. Jiwarajka
Moreover, this will increase the circulation of money in
the economy as many investors with new currency in their hands are finding
investment avenues. With the investments in gold, money will come in
circulation and help the banking sector to meet the cash requirements of the
people, added Mr. Gopal Jiawrajka.
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