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Sovereign Gold Bond (SGB) Scheme was launched by Ministry of Finance in 2015, under Gold Monetisation Scheme. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. Sovereign Gold Bonds are to be issued by Reserve Bank of India on behalf of the Government of India. Minimum permissible investment in SGBs will be One gram of gold. The maximum limit of SGBs subscription shall be 4 KG for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal year (April-March) notified by the Government from time to time.
The National Commission for Indian System of Medicine (NCISM) and the Central Council for Research in Ayurvedic Sciences (CCRAS), the two prominent ins...
The Cruise Bharat Mission aims to make India a global hub for cruise tourism by which year?
Which significant infrastructure sector showed growth in August 2024 despite the overall contraction in core sector output?
IIFL Finance has raised $175 million through HSBC, Union Bank (Sydney) and Bank of Baroda (IFSC unit).How much has it raised from HSBC?
What is the main objective of the tree plantation drive 'Grow with the Trees' organized by BSF and SBI?
As part of the T+0 settlement cycle initiative, SEBI expanded the number of top market cap scrips eligible for faster settlements from 25 to how many, e...
Which organization hosts the World Telecommunication Standardization Assembly (WTSA)?
During April June 2024, net Foreign Direct Investment (FDI) in India rose significantly. Which sectors accounted for 80% of the gross FDI inflows, and h...
Which city is to host U18 women basketball event?
Recently Ministry of Micro, Small and Medium Enterprises (MSMEs) joins hands with which of the following IIT to facilitate the MSME Design Innovative Sc...
