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.