Govt looking at regulating digital gold schemes: Official
February 06, 2021
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The Finance Ministry has asked IIM-Ahmedabad’s India Gold Policy Centre (IGPC) to come out with a paper on how gold refining can be ramped up in the country. Policy inputs are needed on this front as the government intends to shortly work on a plan to strengthen gold refining, K Rajaraman, Additional Secretary, Department of Economic Affairs (DEA) in Finance Ministry, said on Saturday.
While the possibility of strengthening gold mining is a distant target, there is certainly a possibility of ramping up gold refining, he said at the 4th Gold & Gold Markets virtual conference 2021, organised by IGPC@IIMA.
Budget 2021 | Government takes the Budget route to give SEBI more teeth
On Monday, Finance Minister Nirmala Sitharaman unveiled her policies for ‘Financial Capital’ with a big-bang announcement related to SEBI.
SEBI headquarters (Representative image)
For the top honchos of the Securities and Exchange Board of India (SEBI), listening to the Union Budget is not only about knowing the government’s thinking on important policies related to the various aspects of the economy like finance, health, infrastructure, and agriculture among other things but also about the capital market regulator’s own jurisdiction, powers, and new initiatives.
The government seems to have taken a special liking for the Mumbai-based watchdog to ensure that there is at least one major announcement in the Budget related to the regulator that monitors key sections of the capital market like equities, commodities, and currencies, along with a vast number of mutual funds and foreign investors.
(File photo)
NEW DELHI: The economic offences wing of Delhi Police arrested former CEO of National Spot Exchange Ltd (NSEL), Anjani Sinha in Mumbai on Sunday for fictitious trading on the exchange, creating false stocks.
Further details are awaited.
The Economic Offences Wing (EOW) of Delhi Police said on Monday that it has arrested former CEO of National Spot Exchange Ltd (NSEL) Anjani Sinha for fictitious trading on the exchange and for creating false stocks.The EOW, which had registered .