July has so far been the best month in terms of quantity of gold and amount raised under the sovereign gold bond
(SGB) scheme, that was launched in November 2015 with an objective of reducing demand for physical gold and shifting a part of domestic savings, used for purchase of the yellow metal, into financial savings. Sovereign gold bonds are forms of paper gold and were an easier way to invest in gold without taking physical delivery during the lockdown period. Read more.
Global economic activity is picking up after an unprecedented decline this year due to the coronavirus
pandemic, but a second major wave of infections could trigger more disruptions, the International Monetary Fund's top official said. The IMF last month further slashed its 2020 global output forecasts, predicting a 4.9% contraction and weaker-than-expected recovery in 2021. Read more.
Researchers at the University of Oxford believe they may have a breakthrough in their search for a Covid-19 vaccine after the team discovered that the jab could provide "double protection" against the deadly coronavirus
following early stage human trials, according to media reports in the UK. The discovery is promising because separate studies have suggested that antibodies may fade away within months while T-cells can stay in circulation for years. Read more.
After a 14-hour meeting in Ladakh between Chinese and Indian military commanders on Tuesday, the government said the two sides continue to discuss ways to disengage their troops that continue to face off in several locations. Sources close to the government admit there was no breakthrough in Tuesday’s fourth round of talks between India’s corps commander in Leh. Read more.
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