0
0
0
0
Being a large gold consumer and importer country, gold exchange in India has particularly important advantages.
The dream of starting a gold exchange in India may come true soon. Taking important steps in this direction, SEBI on Monday prepared the framework for this exchange. Please tell that during the budget in February, Nirmala Sitharaman had announced to make SEBI the regulator of the proposed gold exchange. Let us understand the important aspects of the proposed framework and the specifics of the gold exchange-
We are hoping to know that this exchange can take shape by the end of this year.
The sale of yellow metal in the proposed gold exchange will be in the form of electronic gold receipt (EGR). These receipts will be used as 1 kg, 100 grams and 50 grams of gold. Along with this, EGR can also be made available in denominations of 5 grams and 10 grams according to the consultation paper of SEBI to increase the interest of small investors and shopping. These electronic gold receipts can be easily bought and sold in the exchange, which will also help in the discovery of the right price of gold.
SEBI has also talked about some rules for vault managers. The vault manager will be registered as an intermediary with SEBI. That is, the role of these managers will be important in the coordination between Exchange and SEBI.
The Gold Exchange functions as a market in much the same way as the Common Stock Exchange. In this market, people can place orders for the purchase and sale of gold. After this, gold orders are delivered to the buyers. Just as it takes 2 days (T + 2) to get into a demat account after the purchase of shares in the stock market, in the same way it can take one or two days for gold to reach the buyer. However, investors can also decide not to take physical delivery and later sell at a profit.
There are many gold exchanges around the world where gold is traded in large quantities. Shanghai, Hong Kong, London, New York, etc. are the world’s most famous gold exchanges.
Being a large gold consumer and importer country, gold exchange in India has particularly important advantages. At the spot gold exchange, buying and selling of gold keeps going on all the time, so that it is quite easy to find its true value in the market. So far, gold prices in India are decided by international markets especially London.
This process can not only ensure the purity of gold, but it will also be easy to estimate the correct value for different locations. Apart from all this, there will be an expansion in the formal gold market due to the gold exchange in India and there will be an increase in earnings from tax.
According to the NITI Aayog report, the gold monetization scheme of the government will also get strength due to the bullion exchange. Due to more transparency in gold prices, people’s interest can increase.
Gold exchange is also called spot gold exchange. It is expected that investors will also be able to trade in futures and options contracts on the Gold Exchange of India.
Ajaz Yunus Patel is a cricketer born in Mumbai, India, on October 21, 1988. He…
Ajaz Patel, the skilled left-arm spinner from New Zealand, gained international attention in 2021 when…
Are you dealing with an unusual headache? It could be a cervical or cervicogenic headache.…
In a shocking development, YouTuber Praneeth Hanumanthu has become embroiled in controversy following his detention by the Telangana Cyber Security Bureau. Initially arrested for making offensive remarks during a podcast, Hanumanthu's predicament has escalated, resulting in further allegations under the Narcotic Drugs and Psychotropic Substances (NDPS) Act after he tested positive for cannabis consumption. The Context of the Detention The origins of Hanumanthu's difficulties can be linked to a podcast he hosted, which included a conversation that many considered highly unseemly. During this episode, he made inappropriate comments regarding the dynamics between a father and daughter, igniting outrage among viewers and critics alike. This incident quickly garnered the attention of both the public and law enforcement, prompting an investigation by the Telangana Cyber Security Bureau. The primary allegation centered around his remarks, which were deemed to have crossed the boundaries of acceptable discourse. This scenario raises broader inquiries about accountability and the duties of content creators, particularly in an era where online platforms can amplify messages to a large audience. As a public figure, Hanumanthu's statements carry substantial weight, and the backlash he has encountered signifies society's increasing intolerance towards harmful rhetoric. Charges Related to Substances Things took a turn for the worse for Hanumanthu when, following his arrest, authorities opted to perform a drug test. The results confirmed the presence of cannabis in his system, leading to additional allegations under the NDPS Act. This legislation is a strict law in India aimed at combating substance abuse and trafficking. By testing positive for drug use, Hanumanthu not only worsened his legal troubles but also further tarnished his reputation. The addition of drug-related charges initiates an important discourse about the effects of substance use among influencers and celebrities. Many young individuals look up to figures like Hanumanthu, and such disclosures can have significant consequences on their perceptions and behaviors. The fallout from his actions extends beyond legal issues; it also encompasses the ethical obligations that accompany public visibility. Reactions from the Public and Consequences The public’s reaction to Hanumanthu's arrest has been varied. Many viewers voiced their outrage over both his initial remarks and his later substance use. Social media has been inundated with discussions, memes, and criticisms, illustrating the swift spread of information and opinions in today’s digital environment. Critics contend that individuals like Hanumanthu should be held accountable for their influence, particularly when it concerns endorsing a healthy lifestyle and responsible behavior. On the other hand, some supporters have rallied behind him, advocating for the necessity of empathy and understanding. They highlight the pressures that accompany being a public figure, especially in a hyper-connected world where every action is scrutinized. This divide in public sentiment mirrors a broader societal conversation about celebrity culture, accountability, and the intricacies of mental health and substance use. The Wider Picture of Substance Abuse Hanumanthu's situation is also part of a larger discourse regarding drug abuse in India, especially among the youth. As discussions about mental health and substance use become more widespread, incidents like this underscore the pressing need for awareness and education about addiction and its root causes. The stigma surrounding drug use often hampers open dialogue about the topic, leaving many to endure in silence. Moreover, the legal implications of the NDPS Act spark questions about how society addresses drug-related offenses. While the act aims to deter substance abuse, critics argue that such laws can disproportionately impact certain demographics and do not tackle the underlying causes of addiction. Conversations around harm reduction, rehabilitation, and public health strategies are increasingly relevant within the framework of these laws. Prospects Ahead for Hanumanthu As Hanumanthu navigates the forthcoming legal hurdles, his future remains unpredictable. He faces possible legal repercussions for both his unsatisfactory comments and his substance use, which could greatly affect his career and personal life. The scenario serves as a cautionary example for content creators about the consequences of their expressions and actions, highlighting the need for thoughtful engagement with their audience.…
Nimrat Kaur is an Indian actress celebrated for her contributions to Hindi cinema and American…
Grey divorce refers to the increasing trend of couples aged 50 and older choosing to…