Opening hearts in Dhanteras, gold procurement, government gave great relief .
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| Dhanteras gold purchase |
Prior to Dhanteras and Diwali, the government has given a big gift to the people who want to buy gold. Now the need for pan on the purchase of more than 50 thousand rupees has been eliminated. The government has given the gems and jewelery dealers a mandate of reporting under Money Laundering law PMLA. The government has taken this initiative at such a time, while assembly elections in Gujarat are going to be held.
The government has withdrawn its notification on August 23. Under PMLA, every reporting unit has to keep all the deals worth more than Rs. 10 lakhs, all cross border transactions worth more than five lakh rupees and a record of real estate deals worth Rs. 50 lakhs or more.