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Gold monetisation scheme: Interest on deposits to be tax-exempt

Last Updated: Tuesday, May 19, 2015, 15:10

Seeking to mobilise gold held by households and institutions, government on Tuesday came out with a draft scheme under which a person or entity can earn interest by depositing the metal with banks.

Gold monetisation scheme: One can deposit as low as 30 grams

Last Updated: Tuesday, May 19, 2015, 14:48

The government on Tuesday released draft guidelines on gold monetisation scheme to mobilise the gold held by households and institutions.

Double digit growth more attractive: Federal Bank

Last Updated: Saturday, April 25, 2015, 21:02

Double digit growth would be more attractive than the existing single digit growth, Managing Director and CEO of Federal Bank Shyam Srinivasan said on Saturday.

Gold deposit scheme can fetch Rs 1 trillion: SBI Research

Last Updated: Sunday, March 1, 2015, 19:49

Describing the proposed gold deposit scheme as "game changer", the SBI's economic research department has said it will help attract at least Rs 1 trillion in deposits on the precious metal.