The draft scheme looks fine. Indian females will never part with their jewllery. Govermnet needs to allow individuals i.e. residents as well as NRI's to bring in gold for the purpose free of duty.

This is a good step to utilize the wealth which is frozen in gold ornaments.Please give more clarity on Income Tax issues, that may affect the acceptability of this scheme by Urban population. The capital gain arising out of this deal should be exempt from Income Tax. In such a situation, more and more citizen will definitely be interested to join the scheme.

This is an appreciable idea of this government. I am sure people will interestingly participate in this. We keep our gold in bank lockers with involved risks. While if the same will be with the governmen giving benefits to the owner of that gold, that will help people. No mean to store gold just for future planning with no current productivity. More gold in the marketplace will surely strengthen India.

Here we need to understand that the gold is present in different forms such as gold coins or jewellery etc. As well as there are different sources such as common people jewellery business man , trusts and different temples. The gold stored here is a form of black money but we cannot deal it as a pure black money so we should not imply a heavy tax on these sources but ask them to circulate this gold in economy via various channel such as bank fixed deposit, issue of gold bonds

Gold is the second major item that import apart od the crude oil. This is an item which is in enormous mass in india but still we have to import. So if we are able to ciculate the gold which is present in india in different forms in our economy. The import of gold reduce very much it will not only reduce our current account deficit but also circulate the black money Which is in form of gold in india. Here black money refers to money which is not coming in economic circulation

On 26-4-15 in his speech Maan Ki baat Respected PM Mr Narendra Damodardas Modi emphasized on MAYLA MATHE PE DHONA (carrying dirt on head). The phrase was headline in each and every NEWS of the day. Is He really concern about this and made provisions of reservation in LOK SABHA, RAJYA SABHA, STATE VIDHAN SABHA, MILITARY etc etc etc ...... Such reservations are in place in other aspects of life.
Respected PM Mr NARENDRA DAMODARDAS MODI SIR do you have explanation or just a speech.

http://www.marketexpress.in/2015/05/finding-the-fair-value-of-interest-rate-on-gold-deposits.html
Main points:-
a) cost of making jewellery is significant (at least 4% of the market value of gold). This can resist jewellery owners from melting their gold.

b) Allowing gold to be deposited as CRR could be a significant move.

c) Depending on the modalities of the incentives (w.r.t to CRR/SLR), banks might be in a position to offer 2.5 to 4% interest rate.

We can also do as america has done during the times of financial crisis. Actually back in the american history president asked his fellow americans to give all their gold and silver to him in order to curb the problem of rescissio. All the gold was collected at fort knox and full security is also provided but no one knows whether the gold is still there or not. But american dollars infulence on world economy depends upon the gold in fort knox. But actualy no one knows if the gold is still there.

Googd if it comes to reality,another source of income for public

We can also do as america has done during the times of financial crisis. Actually back in the american history president asked his fellow americans to give all their gold and silver to him in order to curb the problem of ressecion. All the gold was collected at fort knox and full security is also provided but no one knows whether the gold is still there or not. But american dollars infulence on world economy depends upon the gold in fort knox. But actualy no one knows if the gold is still there.