News:The Geological Survey of India(GSI) has discovered gold deposits of around 3,000 tonnes in Sonbhadra district of Uttar Pradesh almost five times India’s current reserve of the yellow metal.
About Gold Reserves:
- According to the World Gold Council,India is the 10th largest gold reserve country in the world with gold reserves of around 626 tonnes.
- U.S has the highest gold reserves followed by Germany and the International Monetary Fund(IMF).
About Sonbhadra district:
- Sonbhadra is the second largest district of Uttar Pradesh.
- It is the only district in India which borders four states namely Madhya Pradesh in west, Chhattisgarh in south, Jharkhand in south east and Bihar in the east.
- Geological Survey of India(GSI) was set up in 1851 primarily to find coal deposits for the Railways.
- It is headquartered at Kolkata.It is an attached office to the Ministry of Mines.
- The main functions of GSI relate to the creation and update of national geoscientific information and mineral resource assessment.