Will India try restricting gold ownership? Anonymous sources are contradictory

Section:

India May Impose Curbs on Domestic Gold Holdings

By Neha Dasgupta
From Reuters
Friday, November 25, 2016

The government may impose curbs on domestic holdings of gold as Prime Minister Narendra Modi intensifies a fight against "black money," news agency NewsRise reported, citing an unnamed finance ministry official.

NewsRise did not provide further details. A finance ministry spokesman declined to comment on the report.

Gold premiums in India jumped to two-year highs last week as jewellers ramped up purchases on fears the government might restrict imports after withdrawing higher-denomination notes from circulation in its fight against black money. ...

... For the remainder of the report:

http://in.reuters.com/article/india-modi-corruption-gold-idINKBN13K0H5

* * *

No Proposal to Restrict Gold Holding by Individuals

From the Press Trust of India
via The Times of India, Mumbai
Friday, November 25, 2016

NEW DELHI -- The government is not considering any proposal to restrict holding of gold by individuals, a top finance ministry source said today.

Following the demonetization of 500- and 1,000-rupee notes in a bid to crack down on black money, there were apprehensions among people that the government might impose some kind of restrictions on gold holding by individuals.

"There is no such proposal before the government on restricting domestic gold holding," the source said. ...

... For the remainder of the report:

http://economictimes.indiatimes.com/news/economy/policy/no-proposal-to-r...



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Company Announcement
Wednesday, October 5, 2016

K92 Mining Inc. is pleased to announce that gold production has commenced from the Irumafimpa gold deposit.

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...For the remainder of the announcement:

http://www.k92mining.com/2016/10/6077/



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