Question
How has the sovereign gold bonds (SGBs) scheme impacted
India's gold import bill in the financial year 2023-24?Solution
The sovereign gold bonds (SGBs) scheme in FY24 has saved $3.3 billion in India's gold import bill by reducing the physical demand for gold, which in turn saved approximately 7-8% of the country's annual gold import bill.
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When was NABARD established?
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Under the Matching Concept, which is a fundamental derivative of the accrual basis of accounting, an entity is required to:Â
In a situation known as the Liquidity Trap, the LM curve becomes perfectly horizontal at a very low interest rate. In such a scenario, what is the eff...
The Ministry of MSME, Government of India and SIDBI set up a fund with a view to facilitate flow of credit to the MSE sector without the need for colla...