Supreme Court: Issues of Party Capacity and Maintainability Must Be Decided by Arbitral Tribunal || Supreme Court: Omissions in Chief Examination Can Be Rectified During Cross-Examination || Supreme Court: Items Given by Accused to Police Are Not Section 27 Recoveries under Evidence Act || Gujarat High Court: Waqf Institutions Must Pay Court Fees When Filing Disputes in State Tribunal || Allahabad High Court: Law Treats All Equally, State Cannot Gain Undue Benefit from Delay Condonation || SC: SARFAESI Act Was Not Applicable in Nagaland Before its 2021 Adoption, Dismisses Creditor’s Plea || SC: Lis Pendens Applies To Money Suits on Mortgaged Property, Including Ex Parte Proceedings || Kerala HC: Civil Courts Cannot Grant Injunctions in NCLT Matters and Such Orders Can Be Set Aside || Bombay High Court: Technical Breaks to Temporary Employees Cannot Deny Maternity Leave Benefits || NCLAT: Appellate Jurisdiction Limited to Orders Deciding Parties’ Rights, Not Procedural Directions

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 :