gold mines Current Affairs - 2020

RBI to move Next Generation Treasury Application (NGTA) to manage Forex and Gold Reserves

The Reserve Bank of India (RBI) has decided to move towards the Next Generation Treasury Application (NGTA). This decision has been taken by the RBI for managing the country’s foreign exchange and gold reserves. The NGTA application will help improve the functioning of the central bank. About NGTA The NGTA will be a web-based application. For this Read More…

MECL Starts exploring the Kolar Gold Fields in Karnataka after 16 years

The Bharat Gold Mines Limited (BGML) in the Kolar Gold Field (KGF) again hopeful  for its revival in last 16 years after the Union Minister for Coal, Mines and Parliamentary Affairs Pralhad Joshi directed the Mineral Exploration Corporation Limited (MECL) to start exploring the gold fields. Background The Kolar Gold mine fields are located some Read More…