Seeking to unfreeze idle gold, the RBI on Thursday made the Gold Deposit Schemes of banks more attractive by lowering the investment time period and allowing mutual funds to participate in the......
Market regulator Sebi on Friday allowed gold Exchange Traded Funds (ETFs) to invest in gold deposit schemes of banks, as part of overall efforts to utilise idle assets of the precious metal for......
Describing the proposed gold deposit scheme as ‘game changer’, the State Bank of India's economic research department has said it will help attract at least Rs 1 trillion in deposits on......
Indians have a deep attachment to gold, which they value not just as a wedding gift but also as a way to keep wealth away from the prying eyes of tax collectors. A gold deposit scheme launched amid......
Fortunately, the government has now woken up to the problem and has decided to step up the gold testing and refining network The 1999 gold deposit scheme attracted 15 tonnes in 16 years and the......