Planning to buy gold bonds? Add in two tranches https://ift.tt/6nNB8YQ fears of a recession in the US and high domestic inflation necessitate adding gold as a portfolio diversifier. Here financial planners say investors should hold 10% gold in their overall portfolio and buy sovereign gold bonds (SGB) to reach that allocation.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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