"It is time we have a positive approach to policy for gold. There must be positive comprehensive gold policy and I believe it is so important for economy that so many people are dependent on it," he said. Recognition of gold as commodity or something is important that the public policy cannot ignore. How did the Government of India come into possession of gold? So the smuggled gold, the confiscate gold came handy," Reddy said.

Source: Economic Times January 29, 2017 08:45 UTC