The Gold (Control) Act Current Affairs, GK & News
RBI liberalises norms for the Gold Monetisation Scheme
The Reserve Bank of India (RBI) has liberalised the norms for Gold Monetisation Scheme and has directed all lenders to promote and publicise the Gold Monetisation Scheme (GMS) from their branches. This underscores the intent of the RBI to make the Scheme a success. Changes brought in by the RBI The changes brought in by ..
Topics: Bank • Bank deposits • Banking • Deposit • Deposit account • Finance • Financial services • Reserve Bank of India • The Gold (Control) Act • Time deposit
Fifth Five Year Plan
The Fifth Five Year Plan India was sketched out for the period spanning 1974 to 1979 with the objectives of increasing the employment level, reducing poverty, and attaining self-reliance. The twin objectives of poverty eradication and attainment of self reliance were inculcated in the fifth plan. A national program for minimum needs including elementary education, safe drinking water, ..
Topics: Economic history of India • Five-Year Plans of India • Government of India • Indira Gandhi • Inflation • Planning in India • Price controls • Price of oil • The Gold (Control) Act
Quick Fact Sheet : Gold
1. Gold is a chemical element with the symbol Au (Latin: aurum) and atomic number 792. Gold has traditionally found use because of its good resistance to oxidative corrosion.3. It is attacked by aqua regia* (a mixture of acids), forming chloroauric acid and by alkaline solutions of cyanide but not by single acids.4. * Aqua ..
Topics: Bullion coins • Carat • Chemical elements • Chemistry • Fineness • Gold • Good Delivery • Jewellery making • Precious metals • Silver coin • The Gold (Control) Act