Thursday 5 November 2015
Prime Minister Narendra Modi launches three gold schemes...
Prime Minister
Narendra Modi on Thursday launched three ambitious schemes to reduce the
physical demand for gold and fish out 20,000 tonnes of the precious metal worth
USD 800 billion lying idle with households.
The Gold
Monetisation Scheme (GMS), 2015 will offer option to resident Indians to
deposit their precious metal and earn an interest of up to 2.5 per cent.
while under the Sovereign Gold Bonds Scheme,
investors can earn an interest rate of 2.75 per cent per annum by buying paper
bonds.
PM also unveiled the first ever Indian gold coin
& bullion, bearing national emblem Ashok Chakra on one side and Mahatma
Gandhi’s image engraved on the other side.
Prime
Minister Narendra Modi on Thursday launched three ambitious schemes to
reduce the physical demand for gold and fish out 20,000 tonnes of the
precious metal worth USD 800 billion lying idle with households. - See
more at:
http://indianexpress.com/article/india/india-news-india/ahead-of-diwali-prime-minister-narendra-modi-launches-three-gold-schemes/#sthash.6xm5kQ5D.dpuf
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