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Banks to get commission for unlocking household gold - RBI| Reuters

Jan 22, 2016

Banks to get commission for unlocking household gold - RBI| Reuters

MUMBAI The government will pay banks a 2.5 percent commission to unlock the country's massive stash of gold under a new monetisation scheme, the RBI said, as the ambitious plan received a poor response from banks and customers. Prime Minister Narendra Modi launched the Gold Monetisation Scheme on Nov #Banks #gold imports #CAD #gold monetisation scheme #gold deposits
#RajanEffect: Why the rupee crashing to 68 against $ is not a shocker this time

Jan 21, 2016

#RajanEffect: Why the rupee crashing to 68 against $ is not a shocker this time

The rupee is back at 68 against the dollar and surprisingly nobody seems to be that worried. Last time, the currency hit 68 under the United Progressive Alliance regime, it had become a political hot potato. #Dollar #Rupee #Raghuram Rajan #forex reserves #exports #Forex #capital outflow #CAD #capital inflow
Rupee behaving in a whimsical manner: A real dilemma for RBI in such volatile times

Jan 06, 2016

Rupee behaving in a whimsical manner: A real dilemma for RBI in such volatile times

On the face of it, the rupee is probably one of the better performing currencies as can be seen relative to the depreciation witnessed by other emerging markets #Dollar #RBI #Interest rates #Rupee #FDI #Yuan #exports #CAD #Currencies
Gold imports dip 59.5% to USD 1.7 billion in October

Nov 17, 2015

Gold imports dip 59.5% to USD 1.7 billion in October

Gold imports plunged by 59.5 per cent to USD 1.7 billion in October which will help curb the country's Current Account Deficit (CAD). #Gold #yellow metal #imports #CAD #October
GDP growth to exceed 7.5% this fiscal, says finance ministry

Sep 14, 2015

GDP growth to exceed 7.5% this fiscal, says finance ministry

Das said fiscal deficit will be within the budgeted level of 3.9 percent and revenues are buoyant. #Economy #GDP #finance ministry #NewsTracker #IIP #FDI #fiscal deficit #G20 #CAD #Shaktikanta Das #Suresh Prabhu
IIP numbers consistent with steady improvement in GDP: Das

Sep 11, 2015

IIP numbers consistent with steady improvement in GDP: Das

The June IIP number too has been revised upwards to 4.36 percent from the earlier estimate of 3.8 percent. #Economy #NewsTracker #IIP #CSO #CAD #Shaktikanta Das
Gold bonds are a clear winner but high chances of deposit scheme becoming a flop show

Sep 10, 2015

Gold bonds are a clear winner but high chances of deposit scheme becoming a flop show

The government will find it difficult to pull off the gold monetisation scheme unless the banks and the government decide to offer attractive returns #Black money #gold imports #CAD #gold monetisation scheme #gold bond scheme