Supreme Court: Marking a Document as an Exhibit Does Not Prove its Contents  ||  Supreme Court: Unpaid Consideration Alone Does Not Invalidate a Sale Deed  ||  Bombay HC: Questioning Other Varsities' Degrees Could Cause 'Anarchy and Chaos' in Education System  ||  Allahabad High Court: Regularization Claim Survives Employee’s Death Through Legal Heirs  ||  Allahabad HC: Advocates Failing AIBE Within 2 Years of Provisional Enrolment Can’t Continue Practice  ||  Bombay High Court Directs BCI to Scrutinise and Clear Pending Law College Affiliation Approvals  ||  J&K HC: Circulating WhatsApp Message on Local COVID Cases Does Not Attract Section 505 IPC  ||  Supreme Court: Non-Signatory Can Be Bound By an Agreement if Involved in Performing the Contract  ||  Supreme Court: 'Washed-Off Theory' Inapplicable in Assessing Employee Retention Suitability  ||  SC Directs States/UTs to Grant Ex-Servicemen Quota to Cadets Disabled 40% or More in Training    

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