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Sovereign Gold Bonds: RBI fixes final redemption price at Rs 6,938 for SGB August 2016 issue

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Sovereign Gold Bonds: RBI fixes final redemption price at Rs 6,938 for SGB August 2016 issue

The Reserve Bank of India has announced the final redemption price for Sovereign Gold Bonds (SGBs) issued on August 5, 2016. The central bank has fixed the final redemption price at Rs 6,938 per gram, which is 122 percent higher than the issued price. The gold bonds were issued at a price of Rs 3,119 … Read more

NTR Bharosa Pension: Andhra Pradesh announces higher pension for senior citizens. Know details

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NTR Bharosa Pension: Andhra Pradesh announces higher pension for senior citizens. Know details

The newly elected Andhra Pradesh government has announced increasing the monthly pension of senior citizens from Rs 3,000 to Rs 4,000 under the government’s NTR Bharosa Pension scheme, which was previously called YSR Pension Kanuka Scheme. The beneficiaries will receive the hike retrospectively starting in May. AP Endowment Minister Anam Ramanarayana Reddy announced increasing the … Read more