(I) The sided bond scheme has an annual cap of 500 grams per person and such bond will be issued for 5-7 years.
(II) Minimum permissible investment in these bonds is 20 grams of gold.
(III) The main objectives of the scheme are to reduce the demand for physical gold.
The Central Budget 2016-17, widely hailed as a pro-rural and pro-poor budget has been touted as a boring, unimaginative policy programme, which does precious little for raising the investment climate in the country as was evident from a skidding Sensex through the day.
A surrogacy arrangement is the carrying of a pregnancy for intended parents. There are two main types of surrogacy, gestational surrogacy and traditional surrogacy.
The Confederation of Indian Industry (CII) estimates the practice of Commercial surrogacy in India will generate $2.3bn a year with nearly 20,000 such clinics operating across the country. However, there is no law to regulate the same. The Assisted Reproductive Technology Bill, 2013 has been pending for quite a while and it has not been presented in the Indian Parliament.
In 2002, the Supreme Court of India in the Manjis case (Japanese Baby) has held that commercial surrogacy is legal in India. , a U.N.-backed study estimates that the surrogacy business has raked in more than $400 million a year.