Gold Monetization Scheme: Here's How You Can Earn Interest on Your Gold in India

The government on Tuesday released the draft guidelines for its ambitious gold monetization scheme that aims to cut down gold imports in the country. The guidelines have been notified nearly three months after the scheme was announced by Finance Minister Arun Jaitley in the Union Budget. Here's how the gold mobilization scheme is likely to work according to the draft guidelines: 1) The scheme is meant to mobilize gold held by domestic households and institutions. Gold collected through the scheme will be made available to jewelers for manufacturing of new jewellery and other items. 2) The scheme will initially be launched at a few places because the government will have to first set-up infrastructure for facilitating easy and secure handling of gold. 3) Gold collected from consumers will...

8 Clever Ways To Raise Money For Your New Startup

Raising money for your new startup isn’t as difficult as you may think.However getting the right source of funding is slightly more complex. Each source of capital has its own unique advantages and disadvantages. Here are 8 of the most reliable sources when it comes to raising money for your startup. 8 Ways To Raise Capital For Your Startup 1 – Crowd funding While crowdfunding is still in its infancy as a means of raising money for your startup its popularity...

How Do I Know If I Should Take A Job At A Startup?

Imagine if someone asked “would you invest in this company?” Your answer is going to be similar. With a few additions. Here’s the checklist I would follow: A) Has the CEO built a business before? This is not always reliable (Mark Zuckerberg or Larry Page hadn’t built businesses before) but there’s an interesting stat: 85 percent of startups fail. If the CEO has built and sold a startup before, then the odds go down to 25 percent. So you might as well have the statistics on your side. B) Does the company have good funding? By good funding I mean two things: Enough money to last at least a year. And, by the way, this is an important thing to note: if the company has six months or fewer worth of funding then they are already out of business. Which is why “A” above is so important....