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Don’t miss the latest developments in business and finance.
Only 21 tonnes mobilised under gold monetisation scheme in 8 years
Gold loan market expected to shift to organised sector: WGC report
Premature redemption under gold monetisation payable only in rupees: RBI
'Any premature redemption of Medium and Long Term Government Deposit (MLTGD) would be only in Indian rupee'
Finance Ministry asks RBI to ensure a higher dividend for govt in FY22
RBI advises against any change in inflation goalposts, monetary policy targets
Govt seeks industry suggestions to improve Gold Monetisation Scheme
In 2015, the government had launched the Gold Monetisation Scheme to mobilise the yellow metal held by households and institutions in the country
Niti for considering deposits under gold monetisation scheme as CRR
The committee also recommended that the transfer of gold collected under the scheme should be exempt from the purview of GST
Metal withdrawal eased in gold monetisation plan
The Reserve Bank of India allowed redeeming gold under the scheme when the deposit is for the medium or long term
