The GMS provides an option to people to monetise physical gold by depositing them with authorised banks and earning interests from such deposits.
Posts tagged MC
FinMin gives details of gold schemes, RBI to decide rates (16-09-2015)
SP downgrades Japan; ups outlook to stable from negative (16-09-2015)
It was the first Japan downgrade by SP since January 2011 and came 4-1/2 years after it last lowered its outlook, from stable to negative.
NSE profits double to Rs 319 cr in Apr-Jun quarter (16-09-2015)
NSE saw a total expenditure of Rs 167.5 crore for the quarter-ended June 2015, lower than about Rs 174 crore recorded in the preceding period.
ECB says QE relatively small so far, has scope: Constancio (16-09-2015)
Drawing a comparison with other major central banks around the globe, ECB Vice President Vitor Constancio said the European scheme is dwarfed by past asset buys, particularly by the US Federal Reserve and the Bank of Japan.
RBI gives flexibility to banks for equity investment (16-09-2015)
The RBI said the investment flexibility will be limited to banks that have capital adequacy ratio (CRAR) of 10 percent or more and also made net profit in the previous fiscal.
Only 2.6% large cos may face liquidity issue from Fed hike (16-09-2015)
The agency also said that the impact of a rate hike will not topple the boat for majority of top corporate borrowers as only around 37 percent of overall foreign currency debt belongs to corporates with negative sensitivity and these companies may be more adversely affected in case of the rupee depreciation.
Indian economy an exception; to grow 7.2% in FY16: OECD (16-09-2015)
Releasing its interim economic outlook report today, the Paris-based think tank said global growth prospects have weakened slightly and become less clear in recent months.
RBI grants in-principle nod to 10 small banks’ applicants (16-09-2015)
A total of 72 players had applied for the small finance bank licence.
Suzuki plans to launch 15 new models in India in next 5 yrs (16-09-2015)
Japan’s small car major Suzuki Motor Corporation (SMC) plans to launch around 15 new models in India in the next five years to aid its arm Maruti Suzuki achieve target of selling two million units annually by 2020.
Essar Oil to shut Vadinar refinery for 30 days (16-09-2015)
Being a continuous process industry, refinery shutdown is a meticulously planned operation which refineries need to undertake once every 3-4 years in order to maintain their operational reliability