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Metal Cupboard India

The cabinet signed off on two gold schemes to realise the twin objective of monetizing India’s massive private holdings of the metal and discouraging its imports. If successful, the move will not only ease pressure on the country’s trade.

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NEW DELHI (Reuters) – India will soon launch a sovereign gold bond and a scheme to mobilise tonnes of the metal stored in households. after a morning meeting of Prime Minister Narendra Modi’s cabinet. Huge gold imports were blamed.

A late surge in banking stocks, spurred by Cabinet decision on consolidation of public banks. State-run Punjab National Bank, Bank of Baroda, Allahabad Bank, Union Bank of India and Bank of India were at the centre of investors’.

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which was discussed during his Cabinet meeting could have implications for India. This is because for instance, early this year India’s National Pharmaceutical Pricing Authority (NPAA) fixed the price of drug eluting stents at USD 450 and.

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