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Gold Monetisation Scheme And Sovereign Gold Bonds Scheme

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Budget session: India is a haven of stability, says President Pranab

The president outlined the government's agenda in the coming financial year in his customary address to the joint sitting of both the Houses of Parliament. Prime Minister Narendra Modi,......

Only 21 tonnes mobilised under gold monetisation scheme in 8 years

Only 21 tonnes of gold have been mobilised in the last eight years under the gold monetisation scheme (GMS) which was announced by the Government of India in November 2015. Illustration: Uttam......

Covid is driving demand for gold loans from banks

For the first time, consumers, including those at the so-called bottom of the pyramid, are monetising gold by taking loans from banks, offering the yellow metal as collateral, says Tamal......

Why govt is keen to buy your gold

It plans to use it as collateral, along with forex reserves, to print currency. The government is working on a series of measures, including using household gold and foreign exchange reserves as......

Why India will stop importing refined gold in 3-5 years

India’s annual gold consumption is about 800-900 tonnes, of which about 750 tonnes is imported. However, in 3-5 years, domestic refineries would meet the whole demand, reports Rajesh Bayani.......

Sharp tax cuts on gold among steps mooted by NITI panel

While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which......

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