How 1 lakh kg gold deposited in Britain was brought to India, where it was kept, know everything

New Delhi:

The Reserve Bank of India (RBI) has brought back 100 tonnes i.e. 1 lakh kg of India’s gold kept in Britain. However, it was not an easy task to bring such a large amount of gold from London to New Delhi. This was not the work of a day or two, but took months. This requires months of time and thorough planning. Apart from this, the consent and approval of various agencies of both the countries was also required, after which the gold from Britain reached the Indian treasury.

Bringing 100 tons of gold to India was not easy

According to Times of India news, RBI officials say that around 100 more gold coins will be brought into India in the coming days. It is being said that RBI is increasing the amount of gold in the country’s treasury to maintain financial stability in the future. Bringing 100 tonnes of gold to India was not at all easy, sources said. This was planned for many months.

In this way 1 lakh kg gold came to India

Bringing 100 tonnes of gold to India involved coordination between the finance ministry, the RBI and other branches of government, including local authorities, officials said. The entire process of bringing gold was kept secret, and strict security arrangements were made. For this the RBI was exempted from customs duty, the center had to forgo revenue on this sovereign asset… but there was no exemption from integrated GST on imports, as the tax is shared with the states. A special plane was arranged as 1 lakh tonnes of gold could not come in any normal plane.

Where is 1 lakh kg of gold kept?

Let us tell you that within the country, gold is kept in the old office building of RBI in Nagpur along Mint Road in Mumbai. Strict security arrangements have been made in both these places. 24 hour security guards are stationed here. In such a situation, it is being speculated that the gold brought from Britain might also have been kept here. However, no official information has been given yet.

Also Read:- 100 Tons of Gold ‘Repatriated’: RBI Deposits Gold Deposited Over Years From Britain’s Central Bank Into Its Accounts