India ranked 10th in terms of total gold reserve

According to the latest report by World Gold Council (WGC), United States leads the country list with total gold reserves of 8,133.5 tonnes followed by Germany (3,366.8 tonnes), InternationalMonetary Fund (IMF) (2,451.8 tonnes),Italy (2,451.8 tonnes) and France (2,436.1 tonnes). India ..

British scientist creates world’s thinnest gold

The researchers at the University of Leeds in Britain have created a new form of gold which is 0.47 nanometres thick – one million times thinner than a human finger nail. They claimed that it is the world’s thinnest-ever unsupported ..

Superconductivity at Room Temperature

Researchers from Indian Institute of Science (IISc)-Bangalore have reported observing superconductivity at room temperature, in a new composite material made of gold and silver. Superconductivity Superconductivity is defined as a phenomenon in which the electrical resistivity suddenly drops to zero ..

RBI announces sale of Sovereign Gold Bonds

The Reserve Bank of India (RBI) announced the issue of Sovereign Gold Bonds (SGBs) on behalf of Government of India. Sovereign Gold Bonds Sovereign Gold Bonds are government securities denominated in grams of gold. They were introduced as substitutes for ..

PCI urges media to do objective reporting on polls

PCI (Press Council of India) have issued some guidelines for media to do objective reporting on election polls and warned it against the practice of paid news. As per the guidelines, newspapers are not expected to indulge in unhealthy election ..

India 11th largest gold reserve with current holding pegged at 607 tonnes

As per the latest report by the World Gold Council (WGC), India has the 11th largest gold reserve with the current holding pegged at 607 tonnes. However, India is the world’s largest consumer of gold. The top slot is occupied ..

Indian Foreign Exchange Reserves

The RBI data shows that Indian Foreign Exchange Reserves have been increased by USD 1.497 billion to reach USD 398.178 billion for the week to January 25. This increase has been attributed to a jump in core currency assets. Why the Foreign Exchange Reserves ..

Month: Current Affairs - February, 2019

Gold becomes first Bollywood film ever to release in Saudi Arabia

Indian movie ‘Gold’ has created history by becoming the first Bollywood film ever to release in Saudi Arabia. The Reema Kagti-directed sports film ‘Gold’ is a fictional re-telling of India’s iconic win at the 1948 London Olympics. It stars Akshay ..

Bhartiya Nirdeshak Dravya (BND-4201)

India Government Mint (IGM), a unit of Security Printing and Minting Corp of India Ltd has launched India’s first home-grown high purity gold reference standard –Bharatiya Nirdeshak Dravya (BND-4201). Launched by India Government Mint (IGM) in collaboration with Bhabha Atomic ..

India’s Gold Monetisation Initiatives

Gold monetisation initiatives are government schemes in India which aim to mobilise the vast amounts of gold held by individuals and institutions. The goal is to enhance liquidity and promote investment in the economy. India is one of the largest ..