Latest News on Gold Monetisation Scheme
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Gold Monetisation Scheme - Total results - 28
Jun 08, 2018
RBI amends Gold Monetisation Scheme to make it more attractive, enable hassle-free deposit accountIn 2015, the government launched the GMS with the objective of mobilising the gold held by households and institutions in the country.
Oct 18, 2017
RBI orders banks to immediately pay interest under Gold Monetisation SchemeBanks are advised to pay immediately the interest amount already due to the depositors,
May 16, 2017
Govt gold schemes fail to attract people, few aware of them, finds studyThe findings of the study has revealed that out of total 1,000 respondents, only five persons were aware about government's gold schemes, such as Gold Monetisation Scheme, Sovereign Gold Bond Scheme and Gold Coin Scheme.
Oct 06, 2016
Dramatic decline in imports: Is gold no longer a safe parking space for black money?Gold indeed has been the pain in the neck for the policymakers and the government, with gold imports being second only to crude oil imports
May 03, 2016
Gold Monetisation Scheme mobilises 2.8 tonnes so farThe government has so far collected 2.8 tonnes of gold under the Gold Monetisation Scheme (GMS), which has been in force for a little over six months, Parliament was informed today.
Apr 02, 2016
Govt tweaks gold monetisation scheme to woo temples, now allows repayments in goldIndia imports about 1,000 tonnes of gold every year and the precious metal is the second highest component of the imports bill after crude oil
Mar 25, 2016
Gold Monetisation Scheme: Why are religious shrines, HNIs not in a hurry to part with the yellow metal?The rich and High Net Worth Individuals are staying away fearing the taxman might come calling on the heavy deposits they have made under GMS
Mar 24, 2016
Monetisation scheme: Tirupati, Siddhivinayak temples seek gold as return, not cashTTD last month deposited 1.3 tonnes of gold with state-run Punjab National Bank at a rate of 1.75 percent for three years
Jan 25, 2016
All out effort to save gold deposit scheme: Banks to get 2.5% commission; premature withdrawal allowedArray
Jan 22, 2016
Banks to get commission for unlocking household gold - RBI| ReutersMUMBAI 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