First major rains slow Mumbai

Heavy rains lashed Mumbai on Friday leading to water logging in many low lying areas and disrupting traffic. Several low-lying areas in the city and suburbs were water-logged after overnight heavy......

Why the gold deposit scheme lacks in shine

Fortunately, the government has now woken up to the problem and has decided to step up the gold testing and refining network The 1999 gold deposit scheme attracted 15 tonnes in 16 years and the......

Modi's gold deposit scheme fails to attract investors

Indians have a deep attachment to gold, which they value not just as a wedding gift but also as a way to keep wealth away from the prying eyes of tax collectors. A gold deposit scheme launched amid......

Gold deposit scheme can fetch Rs 1 trillion: SBI Research

Describing the proposed gold deposit scheme as ‘game changer’, the State Bank of India's economic research department has said it will help attract at least Rs 1 trillion in deposits on......

Sebi allows gold ETFs to invest in Gold Deposit Schemes

Market regulator Sebi on Friday allowed gold Exchange Traded Funds (ETFs) to invest in gold deposit schemes of banks, as part of overall efforts to utilise idle assets of the precious metal for......