9 September 2023 : PIB
PRESS INFORMATION BUREAU
9-September -2023
Daily Current Affairs For UPSC ,The PIB ( Press Information Bureau )
1) Special Campaign 2.0: Cleanliness campaign by Ministry of Mines
- The campaign was launched by the Secretary, Ministry of Mines on 22nd oct, 2022 at New Delhi.
- The Ministry identified 84 site offices throughout India for implementing 116 Swachchta campaigns.
- Goal: “giving back to the environment.”
The campaign includes:
- Rainwater harvesting
- Compost pits
- Cleaning lakes/ponds
- Eco-disposal of waste.
2) Sovereign Gold Bonds 2023-24 (Series II)
- Sovereign Gold Bonds 2023-24 (Series II) will be opened for subscription during the period September 11-15, 2023 with Settlement date September 20, 2023 as published by RBI in their Press Release.
What are Sovereign Gold Bonds?
- SGBs are government securities denominated in grams of gold.
- They are substitutes for holding physical gold.
- Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity.
Advantages:
- No capital gain tax
- There is no need to bear management expenses.
- It is issued by RBI on behalf of the Government of India which is a secure investment option.
- Low Risk.
Disadvantages:
- There is certain amount of risk involved.
- Market fluctuations.
- The issue of limited liquidity which can make it difficult to sell the bonds if the investor needs cash urgently.
For Enquiry
9 September 2023 : PIB
9 September 2023 : The Hindu Editorial Notes PDF
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9 September 2023 : Indian Express
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