India said to plan gold policy overhaul for $19-bn sector

The plans should be finalised by the end of March, said sources

India, which vies with China as the world’s top consumer of bullion, is working on new policies to improve transparency and help expand its $19-billion gold jewellery industry, according to people with knowledge of the matter.
 
The plans being worked out by the finance and commerce ministries along with industry groups should be finalised by the end of March, the people said, asking not to be identified because they aren't authorised to speak publicly. D S Malik, spokesman for the finance ministry, didn’t answer calls to his cellphone. A spokeswoman for the commerce ministry didn't immediately reply to an