Ever since Finance Minister Arun Jaitley announced the creation of a comprehensive gold policy, differences of opinion have surfaced among various ministries on key issues pertaining to the precious metal.
One such issue, which the Ministry of Commerce and Industry and Ministry of Finance have argued over, is whether the export of pure gold processed by Indian refiners should be allowed or not.
The Budget has been woefully silent on the details of the upcoming gold policy. However, apart from the setting up of a gold board and spot exchanges for the yellow metal, sources have said this may involve