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Sovereign Gold Bond Scheme opens today amidst Ukraine crisis: 5 day window to buy gold at low prices

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Sovereign Gold Bond Scheme opens today amidst Ukraine crisis: 5 day window to buy gold at low prices

New Delhi: The 2021-22 Sovereign Gold Bond Programme – Series X or Tenth Tranche is open for subscription from today (Monday 28 February).

Sovereign Gold Bond Scheme 2021-22 – Series-X will be open for subscription over five days from February 28 to March 4. The issue price of the Sovereign Gold Bond Scheme 2021-22 Series-IX is set at Rs 5,109 per gram of gold.

“The face value of the bond…is Rs 5,109,” the central bank said in a statement. The Indian government, after consultation with the Reserve Bank of India, has decided to offer a discount of Rs 50 per gram to investors who apply online and pay the application fee digitally. “For such investors, the issue price of gold bonds will be Rs 5,059 per gram of gold,” the RBI said.

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The bond has a term of eight years, with an exit option after the fifth year, which will be exercised on the next interest payment date. The minimum allowed investment is 1 gram of gold.

Each financial year (April to March), the maximum subscription limit is 4kg for individuals, 4kg for HUF and 20kg for trusts and similar entities.
Know Your Customer (KYC) specifications are the same as when buying physical gold. The government gold bond program, launched in November 2015, aims to reduce demand for physical gold and reallocate some of the domestic savings used to buy gold into financial savings.

“This is more than the market expected,” Reuters quoted Bob Haberkorn, chief market strategist at RJO Futures, as saying. “If Russia does occupy Kyiv and the international community reacts positively, the price of gold will soon soar above $2,000,” Haberkorn said. Berkorn added.

What is the Government Gold Bond Program?

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The sovereign gold bond program is a government bond denominated in grams of gold. They are an alternative to holding physical gold. Investors must pay the issue price in cash, and the notes will be redeemed in cash at maturity. The bond is issued by the Reserve Bank on behalf of the Indian government.

How will the sovereign gold bond program be sold?

Bonds will be sold limited through regular commercial banks (excluding Small Finance Banks and Payments Banks), Joint Stock Corporations of India (SHCIL), certain post offices and recognised stock exchanges (i.e. National Stock Exchange of India Limited and Bombay Stock Exchange). of.

Who can buy the sovereign gold bond program?

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Bond sales to resident individuals, HUFs, trusts, universities, and nonprofits are restricted.

Complete News Source : Zeenews

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Web Series

Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Stephanie Hsu and Zosia Mamet talk about their new series Laid, and some of the horrors of dating as millennials.
Imagine a scenario where anyone and everyone you have ever been intimate with begins to die one by one. Is it a curse? If yes, then who is cursed? These are questions that Stephanie Hsu‘s Ruby battles with in the new zany comedy, Laid. Ahead of the show’s release, Stephanie and co-star Zosia Mamet spoke exclusively with HT about their roles, the show’s unique premise, and the horrors of dating as millennials. (Also read: Dune: Prophecy star Emily Watson on working with Tabu: ‘She is a true treasure’)

Stephanie Hsu on her character’s flawed morality

Laid, created by Nahnatchka Khan and Sally Bradford McKenna, is the story of Ruby (Stephanie Hsu), who discovers that all her sexual partners are dying one by one, and she must warn them. Helping her in this unique quest is her best friend AJ (Zosia). The fun thing about Laid is that the protagonists are not the usual likeable characters. “She is totally an anti-hero of our story. I really love that,” says Stephanie, referring to Ruby’s moral greyness. “I am not a perfect person and I love playing flawed characters. But it was difficult. The creators told me that she is a total narcissist. But narcissists don’t think they are one, so I had to figure out a way to love her. For me, playing Ruby was about getting into her psychology and finding the innocent part of her – which is that she just wants love,” the actor adds.

While sitcoms usually add the best friend as the voice of reason trope, Laid diverges from that, with AJ even zanier and more morally ambiguous than Ruby. Talking about playing such a colourful character, Zosia Mamet says, “When you play not-so-likable or zany characters, people don’t believe they are that way. I don’t think AJ wakes up every morning and thinks, ‘I am absolutely crazy’. It’s about trusting the writing and finding an organic way into these characters to make them seem grounded, real, and relatable.”

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Stephanie, Zosia reveal the worst gifts they received from partners

In Laid, Ruby gives the gift of death to the men she is with, even if that is inadvertent. Ask the women about the worst ‘gift’ a partner has ever given them, and the discussions veer into the unusual horrors of modern-day dating. “I got a vintage wooden duck decoy from someone. It was broken, and I thought, ‘What does this say about our relationship?’. They didn’t know me well enough to know if I’d want this but also that they gave me something old and ailing,” Zosia says with a laugh.

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