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News
Gold deposit scheme
Gold deposit scheme News
Gold deposit scheme
26 Nov 2015
Tirupati Balaji Temple to be biggest depositor of PM Modi's Gold Monetisation Scheme?
The Tirumala Tirupati Deveasthanams (TTD) board has reportedly said that it will consider deployment of temple gold in the GMS once the investment panel gives its nod.
Gold deposit scheme
19 Nov 2015
Gold monetisation scheme: Modi govt initiative gets just 400 gm gold so far
A gold deposit scheme launched amid fanfare by Indian Prime Minister Narendra Modi two weeks ago has so far attracted only 400 grams, an industry official said on Thursday, out of a national hoard estimated at 20,000 tonnes.
Gold
22 Oct 2015
Banks free to fix interest rates on gold deposit scheme: RBI
As per the guidelines, banks will be free to set interest rate on such deposit, and principal and interest of the deposit will be denominated in gold.
Gold
09 Sep 2015
Gold deposit and bond schemes: Key facts you should know
Highlights of the two gold schemes approved at a Cabinet meeting chaired by Prime Minister Narendra Modi.
Gold sovereign bonds
07 Jul 2015
Govt mulls raising Rs 15,000 cr through gold bond scheme
Government is looking at raising Rs 15,000 crore in the current fiscal through the gold bond scheme, for which a cabinet note is likely to be moved for consideration later in the month.
Gold sovereign bonds
19 Jun 2015
'Gold sovereign bonds to address import issues'
Centre's gold sovereign bond scheme is expected to address pure investment demand for the yellow metal, says India Ratings and Research (Ind-Ra).
gold monetisation scheme
22 May 2015
Good interest rate must for success of gold scheme: Nomura
At present, banks are offering an interest of up to 1 percent on gold deposits and the same needs to be "much higher" for the new scheme to succeed.
Gold
21 May 2015
Now, get tax-free interest on gold deposits
The draft gold monetisation scheme also provides for incentives to the banks, while individuals and institutions can deposit as low as 30 gms of gold, while the interest earned on it would be exempt from income tax as well as capital gains tax.
Gold
05 May 2015
RBI holds 557.75 tonne gold; 20K tonne held by public: Govt
The Reserve Bank holds 557.75 tonne gold while over 20,000 tonne of the metal is held by the public in the country, Parliament was informed on Tuesday.
RBI
05 May 2015
RBI holds 557.75 tonne gold; 20k tonne held by public: Govt
The Reserve Bank holds 557.75 tonne gold while over 20,000 tonne of the metal is held by the public in the country, Parliament was informed on Tuesday.
Gold deposit scheme
01 Mar 2015
Gold deposit scheme can fetch Rs 1 trillion: SBI Research
Describing the proposed gold deposit scheme as "game changer", the SBI's economic research department has said it will help attract at least Rs 1 trillion in deposits on the precious metal.
Gold
13 Nov 2014
FinMin holds review meeting, may tighten gold import norms
Worried over surge in gold imports, the government is contemplating to put curbs on inward shipments of the precious metal by big private agencies.
Gold
13 Nov 2014
India October gold imports surge to about 150 tonnes: Report
India`s gold imports surged to about 150 tonnes in October, Bloomberg said in a tweet, a volume that could pressure the government to tighten curbs on shipments of the metal.
Gold
04 Nov 2014
Re-launch of gold deposit scheme can cut imports by 250 tons
The country's gold imports could come down by 250 tonnes a year if the government re-launches a gold deposit scheme and mobilises at least one per cent of estimated 25,000 tonnes of idle gold stock lying with Indians, according to the gold and silver refiner MMTC Pamp.
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