Gold bonds trading to start this month-end: Govt
The Dollar Business Bureau The fourth leg of Sovereign Gold Bond (SGB) Scheme will be launched soon, and the gold bonds trading shall start during the month end, Ministry of Finance said in a statement on Monday. The Finance Ministry has reviewed the development of Gold Monetisation Scheme (GMS) and Sovereign Bond Scheme (SBS) during a meeting held in New Delhi under the leadership of Department of Economic Affairs (DEA) Secretary, Shaktikanta Das. The meeting was attended by top executives of public and private sector banks, along with the senior officials of Reserve Bank of India (RBI) and Bureau of Indian Standard (BIS). Ever since Prime Minister Narendra Modi launched gold schemes on November 5, 2015, the overall gold accrued under the Short ...
Centre to bring new laws to protect consumer interests: Union Minister
The Dollar Business Bureau In a move to address consumers’ concerns and protect their interests, the government will soon clear amendment bills of Consumers Protection Act and Bureau of Indian Standards (BIS) Act. The Union Minister of Consumer Affairs, Ram Vilas Paswan, said that the bills are currently lying with the cabinet. The government has plans to form the Consumer Protection Authority (CPA) which will have investigative and regulatory powers to deal with cases related to consumer rights. “The CPA will have investigative as well as powers to frame rules and will look into the matter of protecting consumer interests, while consumer courts will take care of individual grievances,” said the minister, according to reports. The CPA will also be ...
