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30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
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The initiative taken by GOI to exploit the potential of domestic gold stock to country’s advantage, if pursued with will and determination, will have a great impact on the growth story of India. When credibility in the government’s ability to manage country’s resources without leakages is restored, temples and other institutions with whom large stock of the yellow metal lie idle will plough it back to mainstream economy. That is their interest also.
Centre is yet to institutionalise a system to manage country’s gold stock. Let us wait for the Budget 2016-17, for a formal announcement on this. RBI should quickly revisit the 1990’s proposal to establish a Gold Bank which can, as an apex body, coordinate the demand and supply sides of gold management professionally.
M G Warrier, Mumbai
Why forget recent NSEL scam worth Rs 5600 crores Gold went missing from ledger.
Simple every system has lacunae today's banking system is dangerously out of syn.Politicians manipulate.
We have RBI & Rajan's team saving the day by great policies.Otherwise India lead to anarchy in state.
So donot enforce same systemic ideas but let parallel systems prevail for back ups.
Man's Mind gets entrapped in systemic comfort zone & fails himself.So let other ideas remain as they are.
Gold has always been man's friend in crisis be it natural/man-made. Mahesh
Very impressive & achievable. Hope you from the Baking sector, would have been successful in putting to proper authorities for serious consideration.
Thanks. The ideas here are not new. Individually, many are convinced and economists like S S Tarapore have written in the media. More public debate may convince political leadership about the advantages of working on some of the suggestions. My own perception is that present dispensation in Delhi(Central Government) and Mumbai(RBI) are not averse to taking fresh initiatives, if they will be conducive to India’s national interest and economic growth. Hope, this explains the context of this article.