Gold Monetisation – Where Have We Reached?

In 2014, the newly elected Government, realising the potential of domestic stock of gold, decided to introduce gold related schemes that would unlock the idle yellow metal lying in private lockers.With the objective to mobilise gold held by retail and institutional investors in the country, the Hon’ble Finance Minister of India in his budget speech…

NIIF: The Sleeping Giant?

The National Investment and Infrastructure Fund (NIIF), seems to have finally come out of its Odin nap (not sleep) with its first investment. NIIF has been structured as a fund of funds and set up as Category II Alternate Investment Fund (AIF) under the Securities and Exchange Board of India (SEBI) Regulations. Its proposed corpus…

Workshop on ‘Urbanization and Expansion of Opportunities for the Poor’, New Delhi

The rapid urbanization in conjunction with industrialization has resulted in the growth of slums. Misplaced policies and bad administration have been a major contributing factor. Most of the Urban Local Bodies (ULBs) are ill-equipped to raise adequate revenue, which in turn results in a shortage of funds to undertake infrastructure development and service delivery. Furthermore,…

Hits and Misses of Budget 2016

One often wonders if the Union Budget is as big a deal amongst all sections of the population as it is in India. Usually, the budget is a somber boring exercise of number allocations and expense statements. In India however, it has become somewhat synonymous to big bang policy announcements and that time of the…

“Leapfrogging to a New Lifestyle for Sustainable Prosperity: A Blessing, not a Burden”

By mid-century (2050), per capita incomes of the majority of developing countries could conceivably have “converged” with those of the advanced (G-7) economies. By the end of the century, there will be nearly 7 billion people in emerging economies with average per capita income conceivably equal to that of the developed countries today. The present…

Roundtable Discussion on ‘Role of Financial Institutions in Monetisation of Gold in India’ , North Block, New Delhi

As a part of its ongoing project on ‘Role of Financial Institutions in Monetisation of Gold in India’, Pahle India Foundation (PIF) presented the outcomes of the primary survey conducted as a part of the study, along with suitable policy recommendations. The recommendations covered various policy reforms around Gold Monetisation Scheme (GMS), Sovereign Gold Bond…