Minimum interest should be bank saving account

My comments are in the file attachment

Due to this scheme a large number of gold workers will get job. With this govt should also devise a proper evaluation system in banks as well as in private sector That will ensure and implement purity of new ornaments. And the erring seller/worker can be punished. As is my personal experience that when we purchase gold ornaments and sell it we suffer loss due lack of purity assured by the seller. Banks Can also work as precious metal & gems testing & certifying entity.

Due to this scheme a large of gold smiths will get job. And a large number too again preparing new ornaments. With this govt should also devise a proper evaluation system in banks as well as in private That will ensure and implement purity of new ornaments. And the erring smiths can be effectively punished. As is my personal experience that when we purchase gold ornaments and sell it suffer loss on due lack purity assured.

We would like to take this opportunity to express our appreciation towards the initiatives taken by Ministry to make Gold Monetisation Scheme a success. In the spirit and with the motive to make Gold monetisation Scheme a huge success, we wish to express our opinions on the said draft and share our outlook on the challenges we foresee.

The gov already has a scheme for BIS hallmarking of jewellery. For those that already hold hallmarked jewellery, the scheme should allow acceptance of such hallmarked jewellery. It will also be a test of how well the hallmark scheme is operating. If banks refuse to take previously BIS hallmarked jewellery, then the existing hallmark scheme is worthless. The new scheme should find a way to incorporate existing BIS hallmark scheme into it. People holding hallmarked gold should be able to benefit.

This is a good idea mooted out. Due to increase in actual gold with the banks The prices of gold will come down. The rupee will strengthen owing to large amount of gold in the banking system. gold import may come down and the money dumped unfruitfully will see its growth in business. I just cant calculate how much gold is their and it is imported through the ages. More gold in banks will strengthen faith of investor in india. Good gold thing make it work.

A very huge quantity of gold is lying idle in our temples. It may be used to revitalise our economy. However it is a sensitive issue. Temple trust may be asked/motivated to deposit the gold in Bank. common people may be discouraged to buy gold and motivated to deposit in saving scheme of government.Sale of gold coins through Bank may be banned.

On 31-5-15 his speech Maan Ki baat Resp. PM Mr Narendra Modi has CONGRATULATED the successful students on BOARD EXAMINATION RESULTS, and CONSOLED the others stating TAKE FAILURE AS AN OPPORTUNITY, LAYS FOUNDATION FOR SUCCESS. But what about those DESERVING STUDENTS, WHO WERE LEFT BEHIND JUST FOR SAKE OF GREAT PRIVILEGED RESERVATION CATEGORIES, Resp. PM Mr NARENDRA MODI SIR what FOUNDATION should they consider.
Resp. PM Mr NARENDRA MODI SIR, do you have explanation or just MAKE IN INDIA speech.

AS compared to other countries our forex reserves of 250 $ billion are too low, they should be near 1 trillion $ . Dont buy US$ bonds as they are mere printed currency of america and can collapse anytime. Show Gold accumulated under this scheme as Forex Reserves , as Gold will always be Gold !!! best investment than paper currency specially of America whose national debt is equal to its GDP .