March 20, 2018 2:55 am
Various govt initiatives, aimed at fishing out yellow metal lying idle with households, have failed to achieve the desired results. The 22 tonnes mobilised under SGB scheme in last 3 years translates to just about 1% of India's physical demand in that period.
March 19, 2016 1:42 am
“In the long term the gold monetisation scheme should succeed. We reviewed the difficulties in the gold monetisation scheme and took suggestion and now they are under consideration,” Das said after the meeting.
November 28, 2015 1:35 am
The scheme, which was launched by Prime Minister Narendra Modi earlier this month, garnered only 400 grams of physical gold of the over 20,000 tonnes worth gold lying idle in the country.
October 23, 2015 12:58 am
The minimum deposit at any one time shall be raw gold — bars, coins, jewellery excluding stones and other metals — equivalent to 30 grams of gold of 995 fineness.
June 04, 2015 1:56 am
Sources said finance ministry is in talks with the RBI to finalise modalities of the scheme under which banks would also be permitted to deposit the gold as part of their CRR and SLR requirements.
May 22, 2015 6:12 am
Experts say that rates have to be attractive enough for citizens and institutions to take interest in the scheme.