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.
Nov 26, 2015, 11:19 AM IST
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.
Nov 19, 2015, 17:03 PM IST
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.
Oct 22, 2015, 22:41 PM IST
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.
Sep 09, 2015, 16:04 PM IST
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.
Jul 07, 2015, 17:41 PM IST
'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).
Jun 19, 2015, 19:12 PM IST
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.
May 22, 2015, 18:59 PM IST
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.
May 20, 2015, 14:32 PM IST
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.
May 05, 2015, 21:01 PM IST
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.
May 05, 2015, 16:34 PM IST
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.
Mar 01, 2015, 19:49 PM IST
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.
Nov 13, 2014, 20:05 PM IST
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.
Nov 13, 2014, 14:50 PM IST
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.
Nov 04, 2014, 18:11 PM IST
