The finance ministry will hold a review meeting with banks and RBI representatives on Tuesday to assess the gold monetisation scheme, which has seen a "slow response" since the launch earlier this month, so as to make it more attractive.
"On the GST... We are hopeful, we remain hopeful," minister of state for finance Jayant Sinha said while addressing the annual session of PHD Chamber of Commerce. Hopefully, the GST will be implemented soon, he added.
Gold extended its slide for the second straight day as prices tumbled by Rs 195 to Rs 25,615 per 10 grams at the bullion market on Saturday, taking weak cues from the global market and easing demand from jewellers.
Union home minister Rajnath Singh, while inaugurating 110th Annual Session of PHD Chamber of Commerce on Saturday, said that India is among top 10 economies of the world and it can touch number 5 by 2020-2025.