Protest against PAN card requirement causes bullion market closed.


In the nation’s capital (New Delhi) On Feb. 10, 2016, bullion market was closed because of traders’ protest against the government’s decision to make PAN card mandatory for transactions of Rs 2 lakh and above.

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The government has made Permanent Account Number (PAN) card mandatory from January 1, for all transactions of Rs 2 lakh and above.

“We have shut our shops to protest against the mandatory PAN card requirement,” All India Sarafa Bazaar Association Vice President S K Jain. Two different reactions were coming one is from the government and second is from market traders.

Peoples from the market are saying that this will cause a decrease in total sell and thus they were worried because of PAN mandatory and the second view is from the government; they are saying that mandatory of PAN CARD for all transactions of Rs 2 lakh and above is important to stop corruption in society.


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