Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Sovereign Gold Bond Scheme and Gold Monetisation Scheme

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Sovereign Gold Bond Scheme and Gold Monetisation Scheme
News and Press Release
Dated:- 18-11-2016

To reduce the country's reliance on the imports of gold to meet the domestic demand and .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... to reduce the demand for physical gold; Government had launched Sovereign Gold Bond Scheme and Gold Monetisation Scheme in November, 2015 and the details of the schemes are available on the websites i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... .e. http://finmin.nic.in/swarnabharat/index.html & https://rbi.org.in. Further till 14.11.2016, under the Gold Monetisation Scheme a total of 5730 Kilograms of gold has been mobilized and from the si .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... x tranches of Sovereign Gold Bonds issued, a total of 14071 kgs of gold units amounting to ₹ 4127 Crore have been subscribed. There are no firm statistics with the Government regarding the quan .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tum and value of gold in possession of public and with private gold loan lending companies. However, as per estimate over 20,000 tonnes of gold is held by households, trusts and various institutions i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n India. To create the awareness amongst the public, Government launched media campaign on FM radio, Print Media, Mobile SMS and Social Media. Further, based on the feedback received from the stakeho .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... lders of the schemes and the reviews held, at the regular intervals necessary changes have been implemented in the schemes. This was stated by 'Shri Arjun Ram Meghwal, Minister of State in the Minist .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ry of Finance in written reply to a question in Lok Sabha today.
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates