Why the Govt. is digging the empires of Kings who ruled India centuries ago. It will be better if Govt. digs the basements and farm houses of present rulers....I feel there will be lot more gold and black money in their custody.......
We must encourage more such
dreams. I am sure, there will be more and more digging for gold wherever the
yellow metal is hoarded. A mad mad dream could draw attention and put
government into action than the following comments published online:
“Gold which no doubt is the
villain in the Indian economy can be reformed into a saviour, if there is a
political will to seriously go ahead with the following initiatives (the list is
illustrative) which have already seen some beginning during the last one year:
• Make a realistic estimate
of surface gold stock in India. Individuals and institutions holding gold stock
above a threshold level should report the quantum of gold held to a designated
authority.
• Insist on standardisation
of a reasonable portion of gold held by institutions. Infrastructure for such
standardisation should precede.
• Encourage financial
institutions to increase their gold portfolio. Organisations including
religious institutions should be provided incentives to deposit gold with banks.
• Establish a National
Registry to keep track of inflow, stock and outflow of gold in various forms.
• Encourage introduction of
gold-backed investment instruments.”
M G Warrier, Mumbai
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