July 27, 2017 2:08 am
To improve liquidity and tradability of the gold bonds, appropriate market making initiatives will be devised. Market makers could be commercial banks or any other public sector entity, such as MMTC or any other entity as decided by the government, according to the statement.
November 05, 2015 4:10 pm
Gold bonds are free from issues like making changes and purity in the case of gold in jewellery form
December 25, 2015 10:21 pm
Programme to offer bonds worth 2 gms of gold, up to a maximum of 500 gms
September 25, 2015 3:03 am
Gold above prescribed threshold ‘need not be seized by tax authorities, but the tax penalties, as applicable will be levied’: FinMin.
September 11, 2015 1:13 am
Returns much higher than 1999 scheme that offered 0.75% & 1% on terms between three and five years.
September 11, 2015 1:06 am
The interest component of the Centre's new schemes give them an edge over other gold investing instruments, making them the most lucrative within the asset class.
September 10, 2015 2:17 am
The move follows an announcement in the 2015-16 Union Budget to curb gold imports that led to the current account deficit ballooning to 4.7 per cent of the GDP in FY13.