Supreme Court: Foreign Judgment Unenforceable in India Without Fair Opportunity to Defend || Supreme Court: High Court Cannot Decide Appeal Pending Before Statutory Authority Due to Delay || Supreme Court: SDO Lacks Authority to Change Land Classification under UP Zamindari Abolition Act || Supreme Court: Man Not Liable For Maintenance if DNA Test Proves He is Not the Child’s Father || SC: Prison Must Not Dilute Rights of Disabled Inmates; Oversight Given to High-Powered Panel || Delhi High Court: Judges Would Have to Recuse if Children as Central Govt Counsel is Treated as Bias || Delhi HC: Fresh Tenders Allowed Despite Existing Contracts; Anticipatory Grievances Not Entertained || Delhi High Court: Judges Cannot Respond Publicly; Criticism Must Be Responsible and Evidence-Based || J&K&L High Court: IO Not Bound By FIR; Can Modify Offences in Final Chargesheet U/S 173 CrPC || Supreme Court: Brief Service Breaks Do Not Bar Ad Hoc Employees From Regularisation

Minimum Deposit to be 30 grams of Raw Gold in Gold Monetisation Scheme- (Reserve Bank of India) (03 Nov 2015)

MANU/RPRL/0191/2015

Banking

The Reserve Bank of India has modified the minimum amount of gold that can be deposited under the Gold Monetisation Scheme. Under the modified provision, the minimum deposit at any one time shall be 30 grams of raw gold. The Central Government has further fixed the rate of interest on Medium and Long Term Government Deposit at 2.25 per cent and 2.50 per cent per annum, respectively.

Relevant : Gold Monetisation Scheme, 2015- Interest Rate MANU/RMIC/0372/2015 Gold Monetisation Scheme, 2015 MANU/RMIC/0370/2015

Tags : GOLD MONETISATION MINIMUM DEPOSIT

Share :