Question
How has the sovereign gold bonds (SGBs) scheme impacted
India's gold import bill in the financial year 2023-24?Solution
The sovereign gold bonds (SGBs) scheme in FY24 has saved $3.3 billion in India's gold import bill by reducing the physical demand for gold, which in turn saved approximately 7-8% of the country's annual gold import bill.
The Debt/Equity ratio is a crucial metric in financial analysis. What core aspect of a company's financial health does this ratio assess?
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