It was launched to reduce the demand for physical gold and with an aim to invest a part of these physicals gold bars and coins that are purchased every year into financial savings in the form of gold bonds. Sovereign debt is the money a government borrows from its own citizens or from investors around the world. NASA’s Kepler Space Telescope spent nine years till 2018 on a planet-hunting mission in the Milky Way. Sovereign debt forms a significant part of many institutional investment portfolios, and it is also increasingly popular with individual investors. About Sovereign Gold Bonds: They are government securities denominated in grams of gold. If such a bond is issued by the government it is called a sovereign bond. These bonds are backed by a sovereign guarantee and can also be held in Demat form. Before the appointment, he has been serving as an Information Commissioner (IC) in the Central Information Commission since January 1, 2019. Now, central government securities can be denominate… The Supreme Court has directed the High Powered Committee on Char Dham project to consider afresh the applications by the Defence Ministry and the Ministry of Road Transport and Highways seeking widening of roads in the border areas. In Biden’s term as the President, Kamala Harris will become the first woman and first Indian- and African-American Vice-President of the country. The blue bond, as well as the program of marine and ocean-related activities it will support, was prepared with assistance from the World Bank and the Global Environment Facility. Just like other bonds, these also promise to pay the buyer a certain amount of interest for a stipulated number of years and repay the face value on maturity. These financial assets include bonds, stocks, real estate and precious metals. They can be denominated in both foreign and domestic currency. To know more about the benefits of Gold Monetisation Scheme, refer to the linked page. Sovereign Gold Bond Scheme [UPSC Notes GS-II] The Sovereign Gold Bond Scheme was introduced in the Union Budget 2015-16 by the Union Cabinet which was chaired by PM Narendra Modi. The sovereign gold bond scheme was launched in November 2015. The gold bonds can be availed either in paper or in demat form as per the convenience of an individual. Any individual/association/trusts/HUFs having an Indian residency is eligible to invest in the Sovereign Gold Bond scheme. How much of India’s population lives with disabilities? No votes so far! Hence, investors who want to invest in gold can buy the bonds without worrying about the safekeeping of physical gold along with locker charges, making charges or purity issues. How does the Sovereign gold bond work? About Sovereign Gold Bonds Scheme In 2015, Government introduced the Sovereign Gold Bonds as substitutes of expensive gold imports that impact the current account deficit (CAD). A sovereign bond is a debt security issued by a national government. Sovereign Bonds: During the recent Budget, the Indian finance minister announced plan of the government of India to borrow in foreign currency to finance the fiscal deficit. The Prime Minister chaired the 33rd interaction involving Central and State governments through PRAGATI ICT platform, and gave important directions. There has been a lot of noise around foreign sovereign bonds ever since the Finance Minister Nirmala Sitharaman proposed to raise part of the … Its objective is to reduce the demand for physical … Continue reading "SOVEREIGN GOLD BONDS" The Sovereign Gold Bond Scheme was introduced in the Union Budget 2015-16 by the Union Cabinet which was chaired by PM Narendra Modi. Sovereign Bond: A sovereign bond is a specific debt instrument issued by the government. As per the Foreign Exchange Management Act, 1999, an individual must be an Indian resident to meet the eligibility criteria under the Gold Bond Scheme. The Sovereign Gold Bond Scheme provides flexible gold denomination in terms of purchasing gold. Small finance banks and payment banks cannot SGBs. Since the bonds are denominated in multiple of grams of gold, the minimum value one can purchase on is bond worth 1 gram of gold. Aspirants must be thorough with the objectives and the activities of these major schemes for the IAS exam. The Union Cabinet has approved the Phase II and Phase III of Dam Rehabilitation and Improvement Project (DRIP) to improve the safety and operational performance of 736 dams in 19 states. Thursday, July 25, 2019. Key facts: Sovereign Gold Bonds are government securities denominated in multiples of grams of gold issued by RBI on behalf of the government. The grouping comprises: India’s strategic partner and friend, Russia. Joe Biden was recently elected the 46th President of the United States. However, the major advantage is that the bonds. December 3 is marked by the United Nations as the International Day for Persons with Disabilities (PwD), to promote a more inclusive and accessible world for the differently-abled and to raise awareness for their rights. The first 1,000 days of human existence are an amazing journey. The three companies are Zydus Cadila (vaccine candidate – ZyCoV-D), Bharat Biotech (vaccine candidate – Covaxin) and Serum Institute of India (SII) (vaccine candidate – Covishield). India’s agricultural exports are up 4.6% year-on-year in dollar terms during April-September, even while the overall goods exports saw a decline. Context. Let us first understand what sovereign bonds are. Sovereign Wealth Fund (SWF)- UPSC Notes Sovereign Wealth Fund which is also known as the sovereign investment fund is an investment fund for real and financial assets. The plan is to raise up to 10-15% of government borrowing — $10 billion — from the first overseas sovereign bond. National governments have been issuing bonds for centuries, so the risks are well-known. The Shanghai Cooperation Organisation (SCO) holds special significance for India. Sovereign Gold Bond Scheme (UPSC Notes):- Download PDF Here, Your email address will not be published. The Shanghai Cooperation Organisation (SCO) Heads of Government meeting was recently hosted virtually by India. 2 -500 gm per person per year. When a government issues such a bond it is called a sovereign bond. The rationale is that if people invest in physical gold, the money is dormant and not available in the market for productive activities. The sovereign blue bond was issued with a ceiling value of US$15 million, with a maturity of 10 years. This provides an insured liquid val… No capital gains if redeemed at maturity. The fifth tranche of Sovereign Gold Bond (SGB) Scheme 2020-21 opens today and is capped at Rs. NIVAR Cyclone made a landfall 30 km north of Puducherry and 115 km south of Chennai on the night of 25th November. The summit meeting was attended by the prime ministers of all other member-states – except India and Pakistan. Features: Can be purchased by resident citizens. They can also jointly invest in these gold bonds as the eligibility criteria of the scheme. Sovereign Gold Bond Scheme has a tenure of 8 years which can be withdrawn prematurely after 5 years on interest payment dates. Sovereign Gold Bonds SGB's have a 8 year maturity period and were launched during the Budget 2015. The Gold Bonds are issued as Government of India Stock. 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