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TNPSC Current affairs May 2017 13 for group 1 & group 2 mains

TNPSC Current Affairs May 2017

India now have its own gold Standard.

India now have its own Gold Standard called the Bharatiya Nirdeshak Dravya (BND 4201) which is 99.9% pure and used to verify the purity of Gold.

In November 2016 the India Government Mint (IGM), a unit of Security Printing and Minting Corp of India Ltd, signed an agreement with the Bhabha Atomic Research Centre (BARC) and CSIR-National Physical Laboratory (NPL) to develop the first gold standard.

About the Gold Standard: 
  • India now has its own standard bar of gold which is 99.9% Pure and impurities of only 100 parts-per-million.
  • It will help Indian jewelers not to depend on gold bars which are imported to check the purity of ornament.
  • It would be 25 Per cent cheaper than the imported Gold Bars.
  • The development will add to the Make in India campaign and will save foreign exchange as well as minimise dependency on other countries.

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