Modi On Gold Monetisation

State-owned Punjab National Bank on Tuesday said it has become the top mobiliser under Gold Monetisation Scheme, which was launched by Prime Minister Narendra Modi in November.

The Sri Venkateswara Swamy Temple in Tirupati, one of the world's richest temples, is asking to be repaid in gold for longer-term deposits it makes under the government's monetisation scheme in order to make the plan more attractive to the temples that are sitting on thousands of tonnes of the metal.

As the government seeks to monetise gold worth an estimated $1 trillion lying idle, all eyes are on their biggest repositories - the temples - but many of them fear that melting of the ornaments donated by devotees may hurt religious sentiments.

Tirumala Tirupati Devasthanams (TTD), which manages the world's richest Hindu temple of Sri Venkateswara Swamy, has not decided yet on moving its stash gold under the recently launched Gold Monetisation Scheme of the central government, a top official of the Board said.

Tirumala Tirupati Devasthanams (TTD), which manages the world's richest Hindu temple of Sri Venkateswara Swamy, has not decided yet on moving its stash gold under the recently launched Gold Monetisation Scheme of the central government, a top official of the Board said.

A gold deposit scheme launched amid fanfare by Prime Minister Narendra Modi two weeks ago has so far attracted only 400 grams, out of a national hoard estimated at 20,000 tonnes, an industry official said on Thursday.

PM Modi called the schemes an "icing on the cake".

Prime Minister Narendra Modi on Thursday launched three ambitious schemes to reduce the physical demand for gold and fish out 20,000 tonnes of the precious metal worth $800 billion or Rs 52.4 lakh crore lying idle with households.

Huge gold imports pushed India's current account deficit to a record $190 billion in 2013, prompting the government to hike its duty on imports to a record 10 per cent.

The Reserve Bank has issued operational guidelines for Sovereign Gold Bonds, 2015-16, to be launched by Prime Minister Narendra Modi tomorrow.

The National Democratic Alliance government is planning a Diwali cheer ahead of the festival of lights, as it will start four Gold related schemes two days before Dhanteras on November 5. Buying gold and precious metals on Dhanteras is considered auspicious.

The government is planning to create Diwali cheer ahead of the festival of lights. Government plans to unleash four gold related investment schemes on November 5 two days before Dhanteras (Hindus buy gold and precious metals)

A programme to attract gold owned by households into a bank deposit scheme to monetise the precious metal could be ready in weeks, Prime Minister Narendra Modi said on Sunday, a step aimed at cutting expensive imports.

The Gold Monetisation Scheme will be available to the nation in the coming weeks, Prime Minister Narendra Modi said today on his radio programme Mann ki Baat.

State-owned Punjab National Bank on Tuesday said it has become the top mobiliser under Gold Monetisation Scheme, which was launched by Prime Minister Narendra Modi in November.

The Sri Venkateswara Swamy Temple in Tirupati, one of the world's richest temples, is asking to be repaid in gold for longer-term deposits it makes under the government's monetisation scheme in order to make the plan more attractive to the temples that are sitting on thousands of tonnes of the metal.

As the government seeks to monetise gold worth an estimated $1 trillion lying idle, all eyes are on their biggest repositories - the temples - but many of them fear that melting of the ornaments donated by devotees may hurt religious sentiments.

Tirumala Tirupati Devasthanams (TTD), which manages the world's richest Hindu temple of Sri Venkateswara Swamy, has not decided yet on moving its stash gold under the recently launched Gold Monetisation Scheme of the central government, a top official of the Board said.

Tirumala Tirupati Devasthanams (TTD), which manages the world's richest Hindu temple of Sri Venkateswara Swamy, has not decided yet on moving its stash gold under the recently launched Gold Monetisation Scheme of the central government, a top official of the Board said.

A gold deposit scheme launched amid fanfare by Prime Minister Narendra Modi two weeks ago has so far attracted only 400 grams, out of a national hoard estimated at 20,000 tonnes, an industry official said on Thursday.

PM Modi called the schemes an "icing on the cake".

Prime Minister Narendra Modi on Thursday launched three ambitious schemes to reduce the physical demand for gold and fish out 20,000 tonnes of the precious metal worth $800 billion or Rs 52.4 lakh crore lying idle with households.

Huge gold imports pushed India's current account deficit to a record $190 billion in 2013, prompting the government to hike its duty on imports to a record 10 per cent.

The Reserve Bank has issued operational guidelines for Sovereign Gold Bonds, 2015-16, to be launched by Prime Minister Narendra Modi tomorrow.

The National Democratic Alliance government is planning a Diwali cheer ahead of the festival of lights, as it will start four Gold related schemes two days before Dhanteras on November 5. Buying gold and precious metals on Dhanteras is considered auspicious.

The government is planning to create Diwali cheer ahead of the festival of lights. Government plans to unleash four gold related investment schemes on November 5 two days before Dhanteras (Hindus buy gold and precious metals)

A programme to attract gold owned by households into a bank deposit scheme to monetise the precious metal could be ready in weeks, Prime Minister Narendra Modi said on Sunday, a step aimed at cutting expensive imports.

The Gold Monetisation Scheme will be available to the nation in the coming weeks, Prime Minister Narendra Modi said today on his radio programme Mann ki Baat.