Govt May End Sovereign Gold Bonds Due To High Costs & Complexity Behind Decision: Srcs | CNBC TV18

The Sovereign Gold Bond scheme was launched in 2015 to curb gold imports that led to a spike a sharp spike in India's current account deficit. While it has paid off handsomely for the investors, the payouts have proven way too expensive for the government. Tune in for more details.


#sgbs #sovereigngoldbonds #india #gold #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

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[yashthakar]

That is why they cut the duty, when people brought the duty was 12-15% while when they reedem tbey get 6%. So people are loosing out on it. Worst FM ever for middle class.

[ManavShah-vw]

Ye toh hona hi tha. It's a burden to the exchequer coz the bonds are not backed by anything they simply track the gold prices.

[khan-bjth]

What is alternative investment for SGB

[lalkeyur]

It is just a way to do away with the tax benefit that they have to give on SGB’s, Rather than taking back provision of tax benefit of CG and creating news out of it.