SEBI’s Board on Tuesday cleared a proposal for setting up a gold exchange wherein the yellow metal will be traded in the form of electronic gold receipts and the bourse will help in having a transparent domestic spot price discovery mechanism. The instruments representing gold will be called Electronic Gold Receipts (EGRs) and will be notified as securities, SEBI Chairman Ajay Tyagi said at a press conference after the Board meeting. “EGRs will have the trading, clearing and settlement features akin to any other securities,” he said.Any recognised stock exchange, existing as well as new, can launch trading in EGRs in a separate segment. The denomination for trading of EGR and conversion of EGR into gold can be decided by the stock exchanges with the approval of SEBI.
Health
England to roll out world’s first 7-minute cancer treatment jab
Britain’s state-run national health service will be the first in the world to offer an injection that treats cancer to hundreds of patients in England, which could cut treatment times by up to three quarters. […]
Asia
Rohingya Hindus too fleeing to Bangladesh
KUTUPALANG, UKHIA (BANGLADESH) (TIP): Akhira Dhar sits in stony silence in one corner of the makeshift camp for Rohingya refugees. Her glazed eyes have a blank stare that seems oblivious of the bustle in the camp as a fresh wave […]
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