This is a blog created specially for the readers of the book Indian Economy Key Concepts. This is mostly to provide Indian Economy related news that is published in various newspapers under one umbrella. My own write ups will be posted very rarely.
BSE has decided to permit mutual fund distributors to subscribe to sovereign gold bonds issue for their respective clients, through the bourse’s mutual fund platform. The 5th tranche of sovereign gold bonds will open from today to September 9. “Sovereign gold bond scheme (SGB) will be open for subscription on BSE StAR MF Platform from tomorrow September 1, 2016, to Friday September 9, 2016 for mutual fund distributors (MFDs) to subscribe to the issue for their client,” BSE said in a circular today.“The facility shall be available only on BSE StAR MF Web Portal and shall be available for transaction in demat mode,” it added. The Finance Ministry had on Tuesday said that applications for the bonds will be accepted from September 1 for nine days and the bonds will be issued on September 23. — PTI