What's next?

Jeff

Administrator
Staff member
Country flag
500 and 1000 Rupee notes were just withdrawn, and now India seems to be confiscating gold?!

From: "Income tax officials say raids on jewellers based on 'credible intelligence' proving fruitful"

http://indiatoday.intoday.in/story/...aids-gold-jewellers-black-money/1/814439.html

it appears that the government is making national raids on jewellers, foreign exchange dealers, and commodity dealers.

Plus raids to seize gold, even in the form of jewellery:

https://twitter.com/i/web/status/804351147989299200
 

Swisslist

Member
It looks like they have their hands full proving everything. Back dated receipts for home purchases has to be hard to prove.

I'm glad I don't have their job.
 

tulip

Active Member
It must be a difficult situation to be in, especially for a jeweler. Money laundering is such a serious crime and I hope than no innocent business person will fall victim. It remains to be seen how such a step will affect the economy.
 

LLL.in King

Well-Known Member
Country flag
Gold being confiscated is probably from illegal purchases or laundering of ill gotten funds(which were made useless due to demonetization).India loves gold and I don't think legal gold owners and traders have any serious issues.
 

Connected

Member
Sellers can be insidious though. A jeweler might be totally legitimate and dot his i's and cross his t's when buying, but they can't stop every single single piece of stolen jewelry from getting through. I'm glad the situation is being addressed though
 

marsh

Active Member
Stolen gold seems to be in circulation the world over and it is great that India is doing its best to narrow down on the culprits. I also think that legitimate gold owners have nothing to fear, really.
 
Similar threads
Thread starter Title Forum Replies Date
Prashant Sharan Donuts will launch .Contact next week New GTLDs 0
Prashant Sharan ICANN releases policies for next round of new gTLDs Registrars 0
Prashant Sharan ICANN reduces it revenue outlook for the next year by 8% Registrars 0
Prashant Sharan ICANN’s next public meeting might be cancelled due to Coronavirus threat Registrars 0
Prashant Sharan Radix launches a free “Cheers & Beers” during next week’s NamesCon Registrars 0
Prashant Sharan Valuable domain names will be sold in Austin Auction next week Non-Indian Domains 0
Prashant Sharan NamesCon wraps European event and now have a locations for next 3 Registrars 0
Prashant Sharan NamesCon Global 2019's Trend Report - The Next Best Thing Resources 0
JulienJ Next new gTLD round unlikely before 2022 New GTLDs 0
JulienJ Donuts is shutting down HotKeys next week New GTLDs 0
JulienJ Namecheap to bring millions of domains in-house next week Registrars 0
domainking131 Next Generation of Tech Geniuses Signing Up to Study Cryptocurrencies Cryptocurrencies 0
Parth Which cryptocurrency will be the next BIG thing? Cryptocurrencies 2
H Get yOur shares in the next Google! For Sale / Advertising 0
wot Egyptian Heiroglyphics - The next domain thing? Non-Indian Domains 13
tulip E-commerce in the next decade Business and Economy 8
Dusart The next big thing Development Options 3
DomainSherpa How Russ Artzt Built a $4.5B Software Company and Why He’s Tackling Domains Next The Lounge 0
domainking131 Next new gTLD round could start sooner than expected New GTLDs 0
domainking131 A look into "The Next Web (TNW) Europe Conference – Day 1" The Lounge 0
domainking131 All eyes are on Raghuram Rajan next week, use dips to buy potential stocks The Lounge 0
H Next Buyout !! LLL.in and LLL.co.in 5
techno closed - Next 48 Hours For Sale 1
DNJournal.com A Rising Tide from China Lifted All Boats Last Year - Now 13 Experts Predict What Will Happen Next The Lounge 0
the_poet New Delhi Will Be Next Stop for India's DomainX Conference - 3rd Annual Event Set for August 2016 General Indian Domain Name Discussion 1
domainking131 M+M lays off dozens in focus on S&M, promises profit next year The Lounge 0
domainking131 M+M lays off dozens in focus on S&M, promises profit next year The Lounge 0
domainking131 How a $675,000 Domain Name Took Teamwork.com to the Next Level Non-Indian Domains 0
DomainSherpa How a $675,000 Domain Name Took Teamwork.com to the Next Level - With Peter Coppinger The Lounge 0
L [Ending soon,next bid will be met reserve!MyFOREX.net|$1.9 trillion FOREX Trading/day External Auctions 1
L [12 Hours Left] Next Bid Will Be Reserve Met For Bel.io External Auctions 0
L [next Bid Met Reserve Price] Rules.info - 60,500 Searches/mon., Rules.net Sold $3,750 Non-India Related Domains 0
Ace Domain Name Conference in India Next Month General Indian Domain Name Discussion 11
CyberKing dot CLUB to spend 3.5 Million in marketing next year New GTLDs 0
domainking131 Next week new gTLD launch New GTLDs 0
the_poet India is the next big luxury market The Lounge 0
DomainSherpa DomainSherpa Discussion: The Next .Com; RightSide; Reader Questions… The Lounge 0
domainking131 Domain names may include Armenian Alphabet from next year Non-Indian Domains 0
domainking131 SnapNames July Partner Auctions ends next week Non-Indian Domains 0
domainking131 MillionaireSociety.com- Could you be the next Internet Millionaire?? Resources 0
the_poet GOT.IN for just $1,500 - Only for the next 48 hours! For Sale 2
the_poet Hoster.in - premium name for sale for just $490 - ONLY FOR THE NEXT 24 HOURS For Sale 0
the_poet ***Orchids.in*** - Premium keyword for cheap ONLY FOR THE NEXT 48 HOURS! For Sale 0
D Great Keyword domains - on sale for next 48 hours For Sale 1
C Ultrabook laptops the next big thing? Non-Indian Domains 1
skyshipper Internet IP addresses will run out 'in the next 24 hours' The Lounge 2
S Bomain bought.Now what next...? Webmaster Forum 0
I Article highlights internet as the next big marketing platform to Indian companies Indian Websites and Start-ups 1
R Auction in next 10 minutes Adult Domains 5
Ceres Checklist For Your Next Blog Post Webmaster Forum 0

Similar threads

whois

Recent Posts



Forums dedicated to Indian domain names, including buying, selling, appraising, developing, and monetizing.

About Us

Threads
26,894
Messages
73,865
Members
7,639
Latest member
rohanarya2612
Top Bottom