Gold Monetisation Scheme Current Affairs, GK & News
The Reserve Bank of India (RBI) has made changes with the Gold Monetisation Scheme (GMS) to allow charitable institutions, central government entities and state government entities to deposit gold under GMS. Now the entities allowed to deposit gold under the scheme include Resident Indians [Individuals, HUFs, Proprietorship & Partnership firms, Trusts including Mutual Funds/Exchange Traded ..
Topics: capital gains • Capital gains tax • central government entities • charitable institutions • Earn while you secure • Gold Monetisation Scheme • Income Tax • state government entities • Wealth Tax
Prime Minister Narendra Modi launched three gold related scheme viz Gold Monetization Scheme (GMS), Sovereign Gold Bond Scheme (SGBS) and Indian Gold Coins (IGC). These ambitious schemes were launched to reduce the physical demand for gold and fish out 20,000 tonnes of the precious metal lying idle with households and institutions. Gold Monetisation Scheme (GMS) ..