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Department of Posts floats tender for sale of domestic gold coins

time.The tender from DoP comes at a time when government has been discouraging sale of imported gold coins and medallions.has floated a tender for sale of gold coins category through about 1,000 post offices."Tenders are invited on behalf of the President of India from the manufacturer/suppliers of gold coins for supplying gold coins of various denominations to the Department of Posts for selling them...
Source : The Economic Times |
Category : Business

CPI opposes sale of gold coins at post offices

today sought the Prime Minister's intervention in stopping the sale of gold coins from post offices, saying it went against the Finance Ministry's directive to restrict the sale and import of gold.In a letter to Prime Minister Manmohan Singh, party General Secretary S Sudhakar Reddy said that "high gold imports and specifically the import of gold coins has surely led to a burden on our import bill"...
Source : Ndtv |
Category : Others

Chidambaram rules out lifting ban on import of gold coins

Finance Minister P Chidambaram today ruled out the possibility of lifting a ban on import of gold coins and medallions and asked banks to strictly follow guidelines restricting inward shipments of the metal."Import of gold coins and gold medallions is prohibited. Nobody can import gold coins and medallions," he said, referring to a suggestion that the government should allow import of coins for 'shagun'...
Source : Ndtv |
Category : Others | City : New Delhi

Chidambaram rules out lifting ban on import of gold coins

Finance Minister P Chidambaram today ruled out the possibility of lifting a ban on import of gold coins and medallions and asked banks to strictly follow guidelines restricting inward shipments of the metal."Import of gold coins and gold medallions is prohibited. Nobody can import gold coins and medallions," he said, referring to a suggestion that the government should allow import of coins for 'shagun'...
Source : DNA |
Category : Others | City : Mumbai

10 Things to Know for Wednesday

David Hall, co-founder of Professional Coin Grading Service, poses with some of 1,427 Gold-Rush era U.S. gold coins, at his office in Santa Ana, Calif., Tuesday, Feb. 25, 2014. A California couple out walking their dog on their property stumbled across the modern-day bonanza: $10 million in rare, mint-condition gold coins buried in the shadow of an old tree. Nearly all of the 1,427 coins, dating from...
Source : News Times |
Category : International | City : National

THE IRS' 'POT OF GOLD'? Couple who found $10M in coins may owe feds half

David Hall, co-founder of Professional Coin Grading Service, poses with some of 1,427 Gold-Rush era U.S. gold coins, at his office in Santa Ana, Calif.The Northern California couple that found $10 million worth of rare, mint-condition gold coins buried in the shadow of an old tree on their property will likely owe about half the find's value whether they sell the gold or not.that the find is a taxable...
Source : Fox News |
Category : Headlines

Ban on import of gold coins and medallions to stay: P Chidambaram

waNobody can import gold coins and medallions," he said, adding that banks have been told to strictly follow guidelines on gold imports.after he received suggestions that government should allow import of coins for 'shagun' (auspicious gift) purposes."Import of gold coins and gold medallions is prohibited. Nobody can import gold coins and medallions," he said, adding that banks have been told to strictly...
Source : The Economic Times |
Category : Business

Government has not banned banks from selling gold coins: Finance Ministry

has not banned banks from selling gold coins, Parliament has been informed."The government has not banned banks from selling gold coins. However, RBI has prohibited import of gold in form of coins and medallions," Minister of State for FinanceSeeking to reduce the import of gold, the Reserve Bank on August 14 had prohibited inward shipment of gold coins, medallions and dores without licence.The measure...
Source : The Economic Times |
Category : Business

Chidambaram rules out lifting ban on import of gold coins

ruled out the possibility of lifting a ban on import of gold coins and medallions and asked banks to strictly follow guidelines restricting inward shipments of the metal."Import of gold coins and gold medallions is prohibited. Nobody can import gold coins and medallions," he said, referring to a suggestion that theHe said traders can buy gold from the domestic market and make coins, but the government...
Source : Oneindia |
Category : National

Post office deposits to fetch higher interest

government today announced higher interest rate on some post office deposits for the financial year 2014-15. The new rates would be effective from April 1, 2014.The one-year time deposit in post offices will now fetch 8.4 per cent from 8.2 per cent. The rates on 2-year and 3-year deposits have been revised higher to 8.4 per cent. The 5-year deposits would fetch 8.5 per cent from 8.4 per cent.The interest...
Source : Ndtv |
Category : Others
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