PM's remarks after the launch of gold related schemes

Published By : Admin | November 5, 2015 | 15:10 IST
QuoteGolden Opportunity: PM Narendra Modi launches three gold schemes
QuoteGolden Opportunity: Gold Monetization Scheme, Sovereign Gold Bond Scheme and Indian Gold Coins launched
QuoteIndia has no reason to be described as a poor country; it has 20,000 tonnes of gold: PM Modi
QuoteGold has been a source of women's empowerment in Indian society, says Prime Minister Modi
QuotePM Narendra Modi launches India's first ever gold coin

The Prime Minister, Shri Narendra Modi, today launched three gold related schemes at a function at 7, Race Course Road.

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The schemes are – Gold Monetization Scheme, Sovereign Gold Bond Scheme, and India Gold Coins.

In his remarks on the occasion, the Prime Minister described the schemes as an example of "sone pe suhaaga" (icing on the cake).

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The Prime Minister said India has no reason to be described as a poor country, as it has 20,000 tonnes of gold. He said the gold available with the country should be put to productive use, and these schemes show us the way to achieve this goal.

The Prime Minister said gold has often been a source of women's empowerment in Indian society, and these schemes will underscore that sense of empowerment.

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The Prime Minister spoke of the great bond of trust that the family goldsmith enjoys in India. He said that once the goldsmiths of India gain familiarity with the schemes, they could become the biggest agents of these schemes.

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Shri Narendra Modi described the launch of the India Gold Coins, bearing the Ashok Chakra, as a matter of pride for the nation. He said people would no longer have to depend on foreign minted gold bullion or coins.

The Prime Minister also launched a website on these schemes, and distributed Certificates of Investment to six initial investors.

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Union Finance Minister Shri Arun Jaitley, Union Minister of State (I/c) for Commerce Smt. Nirmala Sitharaman, and Union Minister of State for Finance Shri Jayant Sinha were present on the occasion.

Click here to read full text speech

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Rt Hon David Lammy, Foreign Secretary of the United Kingdom calls on Prime Minister Shri Narendra Modi
June 07, 2025
QuotePrime Minister expresses satisfaction at the successful conclusion of the India-UK Free Trade Agreement and Double Contribution Convention
QuotePM Modi underscores the need for a decisive international action against terrorism

Rt Hon David Lammy, Foreign Secretary of the United Kingdom called on Prime Minister Shri Narendra Modi today.

PM Modi expressed satisfaction at the successful conclusion of the India-UK Free Trade Agreement and Double Contribution Convention and appreciated the constructive engagement by both sides that led to this milestone.

PM Modi welcomed the growing momentum in bilateral ties and expressed satisfaction at the deepening of the India-UK Comprehensive Strategic Partnership. He welcomed the continued collaboration under the Technology Security Initiative and noted its potential to shape trusted and secure innovation ecosystems.

FS David Lammy conveyed UK’s strong interest in further enhancing cooperation across key sectors including trade and investment, defence and security, technology, innovation, and clean energy. He expressed confidence that the FTA will unlock new economic opportunities for both countries.

The two leaders exchanged views on regional and global issues. UK Foreign Secretary strongly condemned the Pahalgam terror attack and expressed support for India’s fight against cross border terrorism. PM Modi underscored the need for a decisive international action against terrorism and those who support it.

Prime Minister conveyed his warm greetings to the UK Prime Minister Sir Keir Starmer and reiterated the invitation for his visit to India at the earliest mutual convenience.