This Presentation Is All About Investment Scenario In India..
It's Challenges And Opportunities
India against China
Make In India
Skill India
Digital India
Gold Imports
Crude Imports
Startups
Economic History Of India
Smart Cities
Black Monday
Yuan Devaluation
Poverty In India
Gold Monetization
Gold Bonds Scheme
16. The aim is to take the share of manufacturing in
the country’s GDP from a stagnant 16% currently to
25% by 2022, as stated in the National Manufacturing
Policy, and to create 100 million jobs by 2022.
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42. • India is one of the largest consumers of gold in the world
and imports as much as 800-1000 tones of gold each year.
• So stocks of gold in India are estimated to be over 20,000
tones held by households & institutions which is neither
traded, nor monetized ever.
• In order to bring into circulation a part of the 20,000 tones
of gold, the Finance Minister, Mr. Jatley, introduced the Gold
Monetization Scheme that will enable investors to deploy
their gold and earn interest.
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44. The gold bonds will be issued
by the RBI. Since these are
Government of India bonds,
they are sovereign & will be
denominated in grams of gold.
The bonds can be purchased
only by resident individuals
or entities. There will be a
cap on bonds that can be
purchased. It could be 500
gms per person per year.
The government will decide
the rate of interest which will be
calculated on the value of the
gold. It could be floating or fixed
rate. The principal amount of
investment will be redeemed at
the price of gold at that time.
The bonds will be available
both in demat and paper
form. They will be issued in
denominations of
5,10,50,100 gms of gold. 44
45. The bonds will be issued and
redeemed by banks, non-banking
finance companies, National
Saving Certificate agents for a
fee. Capital gains tax will be the
same as for physical gold for
individual investors.
The price of gold may be taken
from the reference rate. This rate
will be used for issuance,
redemption and Loan to Value
purpose and disbursement of
loans.
The tenor of the bond could
be for a minimum of five to seven
years. These bonds can be used
as collateral for loans. As per RBI
regulations, the maximum LTV
allowed for gold loans is 75 per
cent.
It will be possible to sell and
trade the bonds on exchanges, in
case of redeeming them before
maturity. The KYC for the bonds
would be shown.
Modalities
Of
Scheme
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