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.
Europe
PROSTITUTE LEFT GOOGLE EXECUTIVE TO DIE ON BOAT: POLICE
SANTA CRUZ, CALIFORNIA (TIP): As a Google executive lay dying on his yacht, an upscale prostitute casually walks over him, picks up her clothes and heroin and swallows the last of a glass of wine […]
Entertainment
NJSO EVERYWHERE: IN OUTDOOR SPACES By Mabel Pais
NJSO with DreamPlay Films NJSO Everywhere: Cinematic Performances in Outdoor Spaces Collaboration releases online episodes through April 2021 o March 17: Brass ensembles perform on the boardwalk and beach in Seaside Heights o March 31: […]
Asia
Pakistan to hold elections for Senate on March 3
Islamabad (TIP): Pakistan’s election authorities on Thursday announced that the elections for the Senate will be held on March 3, amidst a raging controversy about allowing open ballot papers in the polls to avoid corruption. […]
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