Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Overwhelming response received from the retail investors for Sovereign Gold Bond Scheme (SGB) ; 63,000 applications received for a total of ₹ 246.20 crore by the Banks and Post Offices for 917 kgs of gold; Number of decisions taken to improve the reach of Gold Monetisation Scheme (GMS)

Dated:- 28-11-2015 - The Prime Minister Shri Narendra Modi had launched three Gold related Schemes i.e. Sovereign Gold Bond Scheme (SGB), Gold Monetisation Scheme (GMS) and Indian Gold Coins and Bullions on 5th November, 2015. There has been a mixed .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

demand for physical gold and shift a part of the gold imported every year for investment purposes into financial savings through Gold Bonds. The first tranche of SGB was issued on behalf of the Government of India by RBI at the branches of scheduled .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

hout the country and initial figures show that about 63,000 applications were received for a total of ₹ 246.20 crore by the Banks and Post Offices for 917 kgs of gold. It may be noted that this overwhelming response has been received from the r .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

response. Gold Monetisation Scheme (GMS): The Gold Monetization Scheme (GMS) provides different options to the people to monetize the gold. The idea is to mobilize the gold held by households and institutions in the country and putting this gold into .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

esulted into signing of limited number of tripartite agreements among banks, CPTCs and refiners. After the slow response to this scheme, a meeting of all the stakeholders of the scheme was held in the Department of Economic Affairs. In the meeting, a .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

to the Banks. This will encourage the bulk depositors like HUFs and Institutions to participate in the scheme. Fees to the banks on account of testing , transport , refining and storage services at Collection and Purity Testing Centres (CPTCs ) and r .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ions on Income Tax and Capital Gains Tax would be available to the customers. BIS is expected to complete the registration of 55 numbers of Collection and Purity Testing Centres (CPTCs) by the end of December 2015. BIS has published an EOI on its web .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version