Everything You Need to Know about India’s Gold Strategy

According to the World Gold Council (WGC), Indian households today hold the world's largest private stock of gold, a whooping reserve of almost 25,000 tonnes. With a total worth of approximately Rs 110 lakh crore, it is almost 40% of the country’s GDP. All of this value lies unused, locked away in private safes & lockers. Launched by the government in 2015, The Gold Monetisation Scheme (GMS) was aimed at converting this idle value into a productive...

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Further Steps Coming to Boost The Flagging Economy

Following up with its plans to rebuild the economy of the country ravaged by the coronavirus pandemic, the government may soon announce a number of fresh measures, including policy changes & large scale infrastructure projects, aimed at making local industries more competitive.Government sources indicate that some of these measures, which may include reorganising the tax administration, may be unveiled by none other than Prime Minister Narendra...

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On The Road to Economic Revival : PM Narendra Modi Takes Further Steps to Recover

Prime Minister Narendra Modi held a virtual brainstorming session with key regulators of the financial sector on 30th of July to discuss various measures the government intends to take to help revive the Indian economy hit hard by the COVID-19 crisis. The 3 hour long virtual meeting was attended by RBI Governor Shaktikanta Das, Sebi chairman Ajay Tyagi, Irdai chairman S C Khuntia, and PFRDA chairman Supratim Bandyopadhyay along with Finance Minister...

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