Sovereign Gold Bond Scheme Current Affairs - 2019

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Centre fixes price for Sovereign Gold Bonds at Rs.3,443 per gram

Government of India has fixed the price at Rs.3,443 per gram for the new series of Sovereign Gold Bonds (SGBs) opening July 8. Key Highlights Union Finance Ministry recently announced that Centre in consultation with Reserve Bank of India (RBI) has decided to allow a discount of Rs.50 per gram from issue price to those Read More…

Month:  Categories: Government Schemes & Projects

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Government launches first tranche of Sovereign gold bonds for FY19

The Union Government (Finance Ministry) in consultation withReserve Bank of India (RBI) has launched first tranche of sovereign gold bonds (SGBs) for current fiscal (FY 2018-19). It will be sold through banks, designated post offices and recognised stock exchanges namely NSE and BSE and Stock Holding Corporation of India Limited (SHCIL). Background Households in India Read More…

Month:  Categories: Business, Economy & Banking

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Fourth tranche of Sovereign Gold Bond scheme opened for subscription

The fourth tranche of the Sovereign Gold Bonds (SGB) scheme opened for subscription. SGB is government securities denominated in grams of gold. It offers an alternative to holding gold in physical form. The scheme was launched by the Union Government in October 2015. Government has fixed 3,119 Rupees per gram as the issue price for Read More…

Month:  Categories: Business, Economy & Banking

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Union Government launches Three Gold Schemes

Prime Minister Narendra Modi launched three gold related scheme viz Gold Monetization Scheme (GMS), Sovereign Gold Bond Scheme (SGBS) and Indian Gold Coins (IGC). These ambitious schemes were launched to reduce the physical demand for gold and fish out 20,000 tonnes of the precious metal lying idle with households and institutions. Gold Monetisation Scheme (GMS) Read More…

Month:  Categories: Government Schemes & Projects

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