Those glittering assets

..... Clearly, the government and the Reserve Bank of India (RBI) need to focus intensely on how to bring at least part of these glittering assets into more productive use. The RBI should enable a liquid paper gold market, through instruments like gold savings accounts (GSAs), gold deposits and gold securities, so that investors could continue to maintain gold savings but without needing to hold all of them in terms of physical bullion.......

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