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India will launch gold monetization and bond schemes and gold coin on Nov. 5
From the Press Trust of India
via The Times of India, Mumbai
Tuesday, August 20, 2015
NEW DELHI, India -- Prime Minister Narendra Modi will launch the first Indian gold coin bearing Ashok Chakra and other schemes on November 5.
Besides launching Ashok Chakra-bearing coins of 5 and 10 grams, Modi will launch gold monetization and sovereign gold bond schemes with a view to mobilizing a part of the 20,000 tonnes of idle gold lying with households and temples, sources said.
The government will launch gold monetization, the gold bond scheme, and the Indian gold coin scheme on November 5 to cash in on Diwali fervour. The schemes will be launched by the prime minister, sources said.
Security Printing and Minting Corp. of India Ltd will be minting these coins, the sources said, and 20,000 coins of 5 grams and 30,000 coins of 10 grams would be made available, the sources said. ...
... For the remainder of the report:
http://economictimes.indiatimes.com/news/politics-and-nation/pm-narendra...
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