Gold Monetisation Plan

'Any premature redemption of Medium and Long Term Government Deposit (MLTGD) would be only in Indian rupee'

RBI advises against any change in inflation goalposts, monetary policy targets

In 2015, the government had launched the Gold Monetisation Scheme to mobilise the yellow metal held by households and institutions in the country

The committee also recommended that the transfer of gold collected under the scheme should be exempt from the purview of GST

The Reserve Bank of India allowed redeeming gold under the scheme when the deposit is for the medium or long term