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.
Last Updated: Saturday, August 22, 2015, 14:55
Indian lenders do not want to raise interest on gold deposits much beyond 1 percent, bankers said, which could derail a government plan to cut massive imports by mobilising tonnes of gold now stored in households and temples.
Last Updated: Monday, August 10, 2015, 19:01
The government has dropped plans to utilise gold mobilised under the proposed monetisation scheme for meeting mandatory liquidity requirements for banks, as it wants to avoid another confrontation with RBI.
Last Updated: Friday, May 22, 2015, 18:59
At present, banks are offering an interest of up to 1 percent on gold deposits and the same needs to be "much higher" for the new scheme to succeed.
Last Updated: Thursday, March 22, 2012, 18:27
The Jammu and Kashmir government Thursday said that gold deposits have been found in Akhnoor and Boniyar border belts of Jammu and Baramulla districts of the state.
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