SC: Electricity Dues over 2 Years Recoverable only if Shown Continuously as Outstanding  ||  Allahabad HC Criticises UP Govt for Using Goondas Act as a ‘Tool of Oppression’  ||  Gujarat HC: Complaint Made in Good Faith does not Amount to Defamation  ||  Allahabad HC: Bar Association Membership Disputes Are Private, Outside Writ Jurisdiction  ||  P&H HC: Section 147A Income Tax Act Unconstitutional; Legislature Can’t Override Court Findings  ||  Karnataka HC: Refusing to Return Child’s Volleyball, Asking for Parent Not Abetment of Suicide  ||  Can an IBC Resolution Plan Survive the Death of its Proponent? NCLAT Answers  ||  Supreme Court: Rape Conviction Possible Without S.376 Charge if POCSO Case Fails on Age Proof  ||  SC: Mere Long Possession Can't Establish Adverse Possession; Hostile Intent is Required  ||  Supreme Court Finds Gaps in FSSAI’s Proposed Warning Labels for Foods High in Fat, Sugar and Salt    

Reserve Bank of India (Gold Monetization Scheme) Direction, 2015.- (Reserve Bank of India) (22 Oct 2015)

MANU/RMIC/0370/2015

Banking

Reserve Bank of India has introduced a ‘Gold Monetization Scheme’, amending the ‘Gold Deposit Scheme’ and ‘Gold Metal Loan Scheme’. It encompasses Directions setting criteria for gold deposit, valuation and payment. The Central Government is required to notify a list of BIS certified Collection and Purity Testing Centres to handle gold deposited and redeemed under the Scheme. It is hoped if the Scheme proves popular it will reduce India’s reliance on gold imports in the long run.

Relevant : Direction on implementation of Gold Monetisation Scheme (GMS), 2015 MANU/RPRL/0172/2015 Guidelines on Import of Gold by Nominated Banks / Agencies MANU/APDR/0025/2015

Tags : GOLD   MONETIZE   SCHEME   2015   IMPORTS  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved