India collects 2,891Kg of Gold under Gold Monetisation Scheme

INDIA May 17 2016 4:20 PM     

MUMBAI (Scrap Register): India  has collected 2,891 kilo gram of gold under the Gold Monetisation Scheme. It  also plans to start the tradability in Sovereign gold bonds by the end of the  month and will launch a fourth tranche of the bonds soon.

These issues  were discussed at a meeting called by the Finance Ministry on Monday to review  the progress under the Gold Monetisation Scheme and the Sovereign Gold Bond  scheme.

“Senior executives of all public and private sector banks, RBI  and Bureau of Indian Standards (BIS) and HR Khan, Deputy Governor, RBI, also  attended the meeting,” said the Finance Ministry in a statement adding that it  was called by Economic Affairs Secretary Shaktikanta Das.

Banks were  also asked to promote the two schemes.