Oct 10, 2019· The much-awaited newgold policyof thegovernmentwill be out in 15-20 days, a senior finance ministry official said on Thursday. The creation of a spot market forgoldand the use ofgoldas a financial asset are among other considerations that are to be included in thepolicy…
Get PriceAug 31, 2016· TheGovernmentofIndiais preparing a comprehensivegold policy, to be announced in January with the Union Budget. This is the first time thegovernmenthas taken such an initiative. It is to include the statedpolicy, setting up of gem and jewellery parks and regulations for testing and certifying agencies, to primarily address issues of the ...
Oct 18, 2018· Thegovernmentis expected to come out with a comprehensivegold policysoon to promote the metal industry and the gems and jewellery sector, which is a major contributor to the export basket, sources said. Thepolicyalso aims at creating jobs in thegoldsector.
Feb 21, 2020· 3500-tonnegold mineestimated at Rs 12 lakh crore found in UP, five times bigger thanIndia's reserve As per the WorldGoldCouncil,Indiacurrently has 626 tonnes ofgoldreserves.
Oct 31, 2019· The clarification comes amidst media report indicating thegovernmentmove to launch amnesty scheme that will allow individuals and entities to declare their unaccountedgoldholding without risk of being prosecuted. There is no suchgoldamnesty scheme under consideration of Income Tax Department as being reported in media, official sources said on Thursday.
Dec 18, 2019· Amid rising inward shipments ofgold, thegovernmenton Wednesday imposed restrictions on import of precious metals. According to a notification issued by the Directorate General of Foreign Trade (), import ofgoldin any form has been placed in "restricted" category from the "free" category."Importpolicyofgoldin any form, other than monetarygoldand silver in any form, is …
Ministry ofMinesis responsible for survey and exploration of all minerals, other than natural gases, petroleum and atomic minerals, forminingand metallurgy of non-ferrous metals like aluminium, copper, zinc, lead,gold, nickel, etc. and for administration of theMinesand Minerals (Regulation and Development) Act, 1957 in respect of allminesand minerals other than coal, natural gas and petroleum.
TodayGoldRate (21 December 2020) : Get Current / Today's 22 Carat & 24 CaratGoldPrice inIndiabased on rupee per 1 gram & 10 gram. Also know last 10 daysgoldprice, trend ofgoldrate & comparison of 22 & 24 Karat across various cities inIndiaincluding …
Sep 21, 2020· Operated by the Bharat Gold Mines Limited (BGML), a public sector undertaking, the KGF was the world’s second deepest gold mine at a depth of 3,000 metres. The mines remained active for 121 years before it experienced an unsystematic closure on February 28, 2001. The mines were closed owing to high operational costs and low revenues.
Sep 18, 2018· New Delhi: Thegovernmentis likely to take certainpolicymeasures to curb highgoldimports instead of raising customs duty on the precious metal, sources said. The effort is a part of the exercise by thegovernmentto check fall in rupee value and control current account deficit (CAD).
The UPgovernment's Department of Geology andMiningconfirmed on Friday that an estimated 3,000 tonne ofgoldreserves have been found in Uttar Pradesh's Sonbhadra district. However, the Geological Survey ofIndiaon Saturday said there has been no discovery ofgolddeposits estimated to be around 3,000 tonne in Sonbhadra district of Uttar ...
We hope this article makes clear theprocedure for import of goldinIndia. Before your travel toIndia, it is in your best interest to ensure that you are up to date with the latest rules regarding the duty-free import ofgoldinIndia, the import ofgoldjewelry inIndia, and the latest custom duty ongoldinIndia.
Dec 18, 2019· MUMBAI: Misuse of Free Trade Agreements (FTAs) by certain unscrupulous traders ofgoldand silver could end with thegovernmentamending the importpolicyconditions ofgoldand silver under Chapter 71 of theIndianTrade Clarification (ITC).Goldand silver in any form, other than monetarygoldand silver in any form, has been moved from free to restricted list, agovernmentnotification ...
Oct 30, 2019· Thegovernment’s Sovereign Bond Scheme allows individuals and Hindu Undivided Families (HUFs) to buy up to four kg ofgoldin demat form. Trusts are allowed to purchase 20 kg ofgold. The scheme bears an annual coupon of 2.5 percent and is redeemed at the market value ofgold…
Thesecond phase of gold reformsis on thegovernment’s priority list and an action plan, prepared by the economic affairs department and commerce ministry officials while the country was in election mode, will soon be announced.
May 21, 2019·Indianhouseholds may have accumulated up to 25,000 tonnes ofgold, thereby retaining the tag of the world's largest holders of the metal, according to the WorldGoldCouncil (WGC).
'Govt should frame national gold policy; setupgoldbourse' Thegovernmentshould come up with a "nationalgold policy" focusing on setting up its Exchange and launching of several investment products likegoldsavings account to put an estimated 22,000 tonnes of idlegoldassets into active use, a WGC-FICCI report said Tuesday.
Nov 05, 2015· Thegovernmentwill make available 15,000 coins of 5 gm, 20,000 coins of 10 gm and 3,750goldbars. “TheIndian Goldcoin is unique in many aspects and will carry advanced anti-counterfeit ...
Nov 06, 2015· NEW DELHI: Prime Minister Narendra Modi on Thursday unveiled three schemes that seek to dampen physical demand forgoldand tap into an estimated 20,000 tonnes of the precious metal lying idle withIndianhouseholds and institutions. TheGoldMonetisation Scheme (GMS), 2015 will offer an option to resident Indians to deposit their precious metal and earn an interest of up to 2.5%, while …
Uttar Pradesh: 3350 tonnes gold deposit- 5 timesIndia’s currentgoldreserves, found in Sonbhadra, stategovtto begin auction process soon GSI estimatedgolddeposits of approximately 2943.25 tonnes in Sonpahadi, while 646.15 tonnes in Hardi field in Sonbhadra district in Uttar Pradesh.
Goagovtblinks first, shows willingness to auction iron oreminesGoa CM Sawant’s announcement is a marked departure from the Stategovernment’spolicywhich, till date, has resisted auctions ...
Dec 10, 2020· Meanwhile inIndia,goldwas priced at Rs. 49233 per 10 gram on MCX, with a change of Rs. 0.0. Also, the price of 24kgoldin theIndianspot market was quoted at Rs. 49310 . MCXGold…
Thegovernmentis expected to release thedraft gold exchange policy byJan 2019, according to an ET report. Thispolicyis expected to contain measures to developgoldas an asset class.
Oct 31, 2019· It is unlikely that thegovernmentcould be planning a ‘surgical strike’ on hoarding ofgoldbyIndianresidents. Nor, is a demonetisation-like move or an amnesty scheme likely to be rolled ...
Following the parliamentary announcement in February 2018 by India’s then Finance Minister that the Government of India would create policies to establish gold as an asset class, India’s policy actions are beginning to generate trust and transparency in the gold market.
Dec 03, 2020· Iron ore mining to begin at NMDC The Centre has decided to revive Bharat Gold Mines Ltd. (BGML) and restart operations for extraction of gold ore at …
Indian Governmentmade hallmarking mandatory forGoldJewellery and Artefacts. A period of one year is provided for implementation i.e. till January 2021. As per Union Budget 2019–20, the GST rate was reduced from 18% to 5% (*5% without Input Tax Credit (ITC)) for services by way of job work in relation to gems and jewellery, leather goods ...
Dec 31, 2016· Up Next.Government hits a Rs50,000 croregold mine; First coastal surveillance radar gets operational in West Bengal 'Airtel Thanks App' makes staying indoors a little easier
Mar 02, 2016· With government opening up mining of gold to private sector, it is expected that the resulting increase in domestic gold production will contribute to …
Notifications; Oct 09, 2020 SovereignGoldBond Scheme (SGB) 2020-21- Series VII, VIII, IX, X, XI, XII: Apr 13, 2020 SovereignGoldBond Scheme of theGovernmentofIndia(GoI)-Procedural Guidelines - Consolidated: Apr 13, 2020 SovereignGoldBond Scheme (SGB) 2020-21- Series I, II, III, IV, V, VI: Oct 31, 2019 SovereignGoldBond (SGB) Scheme - Marking of lien
Dec 01, 2016·IndiaNews: "There will be no seizure ofgoldjewellery up to 500 gm per married lady, 250 gm per unmarried lady and 100 gm per male in I-T searches," the finance
This is the National Portal ofIndia, developed with an objective to enable a single window access to information and services being provided by the variousIndian Governmententities. This Portal is a Mission Mode Project under the National E-Governance Plan , designed and developed by National Informatics Centre (NIC) , Ministry of ...
Nov 11, 2020·Goldloan can be availed to meet an urgent cash requirement by putting yourgoldornaments/jewellery as collateral with the bank. The bank charges interest ongoldloan and once you pay back the loan amount along with the interest in full, you can take yourgolditem back.
Feb 22, 2020· According to DistrictMiningOfficer KK Rai, thegovernmentis thinking of putting these deposits on lease formining. The GSI had first said in 2005 that there weregolddeposits present in ...
By Saurabh Sharma. LUCKNOW, India, Feb 23 (Reuters) - India has clarified the nature of a gold discovery in Uttar Pradesh, after a government official said on Saturday that fields with reserves of more than 3,000 tonnes of gold ore had been found, prompting a flurry of activity on social media. Federal and state departments have discovered traces of gold in northern Uttar Pradesh's Sonbhadra district after …
Nov 16, 2020· Ministry ofMines(India) . (September 22, 2020). Production volume ofgoldinIndiafrom financial year 2012 to 2017, with estimates until 2020 (in 1,000 kilograms) [Graph]. InStatista...
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