Category Archives: Finance

Sovereign Gold Bonds 2015 16 Operational Guidelines issued by RBI

By | November 4, 2015
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Gold Monetisation Scheme

RBI/2015-16/222 IDMD.CDD.No.968/14.04.050/2015-16 November 4, 2015 The Chairman & Managing Director All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Sovereign Gold Bonds, 2015-16 – Operational Guidelines This has reference to the GoI notification F.No.4(19)-W&M/2014 and RBI circular IDMD.CDD.No.939/14.04.050/2015-16 dated October 30, 2015 on the Sovereign Gold Bonds, 2015-16. FAQs in this regard have been placed on… Read More »

canal is proposed to be built between Mori creek and Jalor Rajasthan

By | November 4, 2015
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Inland Shipping Port

Ministry of Shipping 04-November, 2015 Development of Inland Shipping Port at Jalore, Rajasthan The Inland Waterways Authority of India under the Ministry of Shipping proposes to guide and support Rajasthan government for building an Inland Shipping Port at Jalore. The port and the terminal that are to be created, will help develop inland navigation facilities… Read More »

Major Recommendations of the Bankruptcy Law Reforms Committee

By | November 4, 2015
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Bankruptcy Law Reforms

Ministry of Finance on 04-November, 2015  Following is the Summary of the Recommendations of the Bankruptcy Law Reforms Committee (BLRC) The Report of the BLRC is in two parts: Rationale and Design/Recommendations; A comprehensive draft Insolvency and Bankruptcy Bill covering all entities. The draft Bill has consolidated the existing laws relating to insolvency of companies, limited… Read More »

Govt invites comments on Bankruptcy Law Reform report

By | November 4, 2015
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Bankruptcy Law Reform

Ministry of Finance 04-November, 2015 Bankruptcy Law Reform Committee submits its Report to the Union Finance Minister Shri Arun Jaitley ; Government invites comments on the report from the stakeholders by 19th Novemebr,2015 The Finance Minister Shri Arun Jaitley, in his Budget Speech 2015-16, had identified Bankruptcy Law Reform as a key priority for improving… Read More »

First ever National Gold Coin minted in India to be released on 5th Nov 2015 by PM

By | November 4, 2015
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National Gold Coin

PM to launch Gold Related Schemes on 5th November, 2015; First ever National Gold Coin minted in India with National Emblem of Ashok Chakra engraved to be released among others on the occasion The Prime Minister Shri Narendra Modi will launch the three Gold related Schemes i.e. Gold Monetisation Scheme (GMS), Gold Sovereign Bond Scheme… Read More »

Gold Monetisation Scheme 2015 issued by RBI

By | November 4, 2015
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GGold Monetisation Scheme

(Updated as on November 03, 2015) RBI/2015-16/211 Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 October 22, 2015 Gold Monetisation Scheme, 2015 In exercise of the powers conferred on the Reserve Bank of India (RBI) under Section 35 A of the Banking Regulation Act, 1949 and in pursuance of the Central Government notification issued vide Office Memorandum F.No.20/6/2015-FT dated September… Read More »

Minimum 30 gram Gold and No Maximum limit for Deposit of Gold under Gold Monetisation Scheme

By | November 4, 2015
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Gold Monetisation Scheme

Gold Monetisation Scheme, 2015 – Amendment RBI/2015-16/224 DBR.IBD.BC.52/23.67.003/2015-16 November 3, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Gold Monetisation Scheme, 2015 – Amendment In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, the Reserve Bank of India hereby directs that the Reserve Bank of India (Gold Monetisation… Read More »

RBI notified Interest rate on Gold Monetisation Scheme

By | November 4, 2015
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Gold Monetisation Scheme

Gold Monetisation Scheme, 2015 – Interest Rate RBI/2015-16/223 DBR.IBD.BC.53/23.67.003/2015-16 November 3, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Gold Monetisation Scheme, 2015- Interest Rate Please refer to the Reserve Bank of India Master Direction No.DBR.IBD.No.45/ 23.67.003/ 2015-16 dated October 22, 2015 on Gold Monetisation Scheme (GMS), 2015. 2. In this connection, it is… Read More »

Designated Post offices to issue Sovereign Gold Bond 2015-16

By | November 3, 2015
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Sovereign Gold Bond Scheme

Ministry of Finance03-November, 2015 19:17 IST In continuation of the Press Communiqué dated 30th October, 2015 on Sovereign Gold Bond 2015-16, the Government of India, in consultation with Department of Post, has decided to issue the list of designated Post Offices to issue Sovereign Gold Bond Scheme, 2015. The designated Post Offices are authorized to… Read More »