Sovereign gold bond scheme more likely to succeed: Nomura

Last Updated: Friday, September 11, 2015, 15:46

Annual investment demand for gold is estimated at 300 MT per annum, which is around 35 percent of India's gold import bill (USD 34 billion in fiscal year 2014-15).

Gold monetisation scheme: 2% interest likely on gold deposits

Last Updated: Thursday, September 10, 2015, 20:24

The government is gearing up to launch the gold monetisation scheme around Diwali with an interest rate of 1.5-2 percent on gold deposits, said a senior finance ministry official.

Govt approves Gold Bond, Gold Monetisation schemes

Last Updated: Wednesday, September 9, 2015, 21:33

Through the Gold Monetisation Scheme, gold in any form can be deposited with banks for a period of one to 15 years that will earn interest while redemption will be at the prevailing value at the end of the tenure.

India lures gold investors with govt bond, monetisation plan

Last Updated: Wednesday, September 9, 2015, 16:50

India will soon launch a sovereign gold bond and a scheme to mobilise tonnes of the metal stored in households, the finance minister said, a move that mainly seeks to wean investors away from physical gold and cut massive imports.

Gold deposit and bond schemes: Key facts you should know

Last Updated: Wednesday, September 9, 2015, 16:04

Highlights of the two gold schemes approved at a Cabinet meeting chaired by Prime Minister Narendra Modi.

India unveils two gold schemes for deposits, sovereign bonds

Last Updated: Wednesday, September 9, 2015, 14:23

In a bid to tap the vast amount of idle gold with people and put it to productive use, two schemes were on Wednesday unveiled by the Indian government -- one on physical deposit of the metal against its rupee value on paper and the other for issuing sovereign bonds.

Now, get tax-free interest on gold deposits

Last Updated: Wednesday, September 9, 2015, 13:18

The Cabinet on Wednesday approved the gold monetisation scheme, which proposes to offer tax-free interest to individuals on depositing the yellow metal with banks.