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.