Sikozy is one rupee paid up trading at Rs 3.
The real cause of Balance of Payments problem is not Gold imports but Subsidised Diesel / Fertilisers etc.
Govt. has passed on the blame of Diesel subsidy disaster on Gold
Imports/Indians are investing in Gold because bad Govt. policies (
Policy Paralysis and Vote Bank Subsidies especially Diesel Subsidy) has
resulted in Indian Economy / Indian Share Markets not doing well.
Make Share markets Out Performers and Gold would automatically become Under
Not Gold but Diesel etc imports are spoiling the Balance of Payments.
There is urgent need to cut Diesel imports. Wastage of Diesel in SUV and
other Luxury Vehicles ( especially in Punjab ) should be
eliminated.Diesel Rationing should be introduced
If you make Gold Costlier you would only be helping those Indians who
already have Gold and make it difficult for those who do not have and
want to have some.
Gold imports unlike Diesel imports also indirectly make India wealthier
and more secure, Even privately held Gold comes in handy at the time of
(Our family in 1993 gave nearly all its Gold ( Gold Bond Scheme ) when
there was appeal for it.) Patriotic Indians did the same in 1962 Indo -
Common Indians did not let down the country in 1962 Mr. FM Sir.
In case of . God Forbid , a war with Pakistan it is the privately heldPrivately held Gold is India`s Hidden Asset ( We
Gold by Indians and not subsidised Diesel which would come to the rescue
of our country.
Indians have more Gold than is there in Fort Knox )
All those who gave their Personal Gold to the Govt. are greatly upset over this Anti Gold mindset of the Govt .Not a word about their Patriotism.
This is a Govt. of Rich Farmers