New Delhi : The government will next month launch two gold schemes – monetisation and sovereign bond – to rein in demand for physical gold and contain its import.
“There are two schemes — Gold monetisation and Sovereign gold bond. We are working out the details. We have had our meetings with the Reserve Bank. Both the schemes will be launched in November,” Economic Affairs Secretary Shaktikanta Das said. He further said that government will very soon issue gold coins with Ashok Chakra symbol, which will also help curb the demand of imported coins.
“Action has already been taken by MMTC and date will be shortly announced,” he said.With regard to small savings, Das said the interest of small savers, especially of senior citizens and girl child, will be kept in mind while reviewing the deposit rates for schemes in light of falling bank interest rates.