Everything You Need To Know About 9 September 2023 : Pib
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9 September 2023 : PIB

PRESS INFORMATION BUREAU

9-September -2023

Daily Current Affairs For UPSC ,The PIB ( Press Information Bureau )


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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.

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Everything You Need To Know About 9 September 2023 : Pib
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