Could India’s crackdown on free private gold transactions dampen world demand?

Goals: “This will help the government widen its tax base, curb the circulation of black money and move towards a cashless economy.”

http://www.livemint.com/Politics/UkFNyKXvjG8oE3QxzSM6bI/PAN-compulsory-for-opening-all-bank-accountsm-says-revenue.html

Last year it was India’s gov’t trying to sell gold backed bonds with a nominal interest rate but those efforts fell flat, now this.

Indian Central Banks are looking desperate.