Investing

  Sovereign Gold Bonds   are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank of India on behalf of Government of India. The quantity of gold for which the investor pays is protected , since he receives the ongoing market price at the time of redemption/ premature redemption. The risks and costs of storage are eliminated. Investors are assured of the market value of gold at the time of maturity and periodical interest. SGB is free from issues like making charges and purity in the case of gold in jewellery form. The bonds are held in the books of the RBI or in demat form eliminating risk of loss of scrip etc. There may be a risk of capital loss if the market price of gold declines. However, the investor does not lose in terms of the units of gold whic...

After reading this article you need not to read any other article regarding MPC. Monetary   policy committee (MPC ) is a expert group formed by RBI(Under RBI Act 1934) to determine policy rate to acheive inflation target. Members- 5+1  # Governor of RBI - Chairperson # Deputy governor of RBI -Member # 1 officer from RBI - Nominated by Central board of Directors # 3 persons -Appointed by Central  government. The person appointed by Central government must fulfill some basic requirements- # Not attain 70 years of age # Not a member of any board or committee of RBI # Not a public servant # Not MP/MLA or any public representative # Not insolvent  Person appointed by Central government on recommendation of " Search Cum Selection Committee". Members- 5+1 # Cabinet Secretary - Chairperson # Governor of RBI(or his representative not below the rank of Deputy Governor)-Member # Secretary (Department of Economic affairs) - Member # 3 Expert of Economics,Finance,Mone...