Five steps to contain gold imports in India
Gold deposit schemes ( GDS)
In the recent weeks, many important decisions have been taken by SEBI and RBI to make gold deposit schemes (GDS) more simple and lucrative. However, the common man has still not been able to relate to it much. SEBI has recently allowed gold ETFs to invest in GDS of banks subject to certain conditions including that the total investment in GDS will not exceed 20 percent of total asset under management of such schemes.
Seeking to unfreeze idle gold, the RBI has also made changes in GDS to make it more attractive by lowering the investment time, changing its maturity period. In the Budget 2013 wishlist, a wider section of economists and analysts have demanded that more such gold deposit schemes should be introduced.
Market rally: Five factors behind the surge
Micromax Canvas 3D
Gold price: What future holds for you?
Factors that will heal gold’s wound
The business of coffee chains in India
Global tech gurus from India
Forbes Top 10 Billionaires 2013
Celeb speak post Budget 2013
On The Channel
Jobs With Us
Copyright © Zee News Limited. All rights reserved.