Monday, 26 October 2015

PM Narendra Modi's Gold monetisation schemes and release of Ashok Chakra gold coins

My Comment on an article "Gold monetisation scheme & gold coins with Ashok Chakra to be launched on the eve of Diwali: PM Narendra Modi" published in Dated 25/10/2015 at 10:20 pm. 

"Very much pleasing and welcome schemes are being launched by our PM before Dhanteras festival which falls two days prior to Diwali. It is an hectic festival of Gold and Silver purchases.

Gold monetisation is a great scheme for common man who can now deposit his gold articles in banks and earn some income. 

Similarly, Gold bonds are also safer instruments for investment. You need not keep physical gold, but only Gold papers. And earn interest too. 

Regarding printing of gold coins with Ashok chakra, the quantity being considered for bringing into market presently seems inadequate as there can be more prospective buyers of coins on Dhanteras day for using in Lakshmi puja. 
Besides, the denominations of 5 gram and 10 gram coins can not be in the reach of common man. So, government should consider bringing out 1 gram gold coins with Ashok chakra in huge quantities to meet common man's interests." 

Friday, 16 October 2015

A Comment on spiralling prices of yellow pigeon peas and other lentils (toor dal, urad dal)

My Comment on an article "Tur dal touches Rs 200/kg in wholesale; may stay pricey till Diwali" published in the Dated 15/10/2015 at 10:50 pm. 

"Instead of spending so much money on imports, our government should offer the money as incentives to farmers growing pulses. 

We have so much large areas of land fit for cultivation and if we utilise most of it efficiently through proper planning, we can be self sufficient in all food grains and pulses. 

Presently, the production of pulses is a meagre 17 million tonnes whereas the demand is 27 million tonnes. So this gap is utilised as an advantage by hoarders and black marketeers. Naturally, the people will be willing to part more money to buy these essential commodities and prices will keep going up. 

Our governments should do something to keep the production enough by offering incentives to farmers, instead of looking for imports as an option, so that the farmers feel satisfied that their efforts will give fruitful results.

Thursday, 8 October 2015

A Comment on Rahul Gandhi's jibe at PM Modi for changing clothes 16 times in US

Your comment on the article ''He changed clothes 16 times in the US: Rahul's jibe at PM Modi'' is now displayed on Dated 07/10/2015 at 5:15 pm.

''So what? He changed clothes to be more smart and attract top leaders as his purpose was to attract them to make in India by elevating the image of our country.

It depends upon person to person approach. You should deal with them in their own style to attract and convince them that you are something of worthy to be taken interest.

He has been trying to get India noticed by the top countries of world.''

Thanks for sharing your thoughts.
 Team TOI

A Comment on making PAN must for cash transaction above certain limit

My Comment on an article "Government to soon make PAN must for cash spending beyond a limit" published in the Dated 07/10/2015 at 4:50 pm.

"I hope this will be a better way for tracking transactions more accurately. 

Making PAN mandatory for all cash withdrawals exceeding Rs.20,000 and for each purchase above Rs.50,000 can be a good measurement of authenticity of transactions. 

This will help in preventing unauthorised transactions and use of black money in most cases. Even though, it may not curb all transactions where the hoarders have already much unaccounted cash with them and thereby do not use banks or any registered / recognisable means of trading."

Thursday, 1 October 2015

A Comment on rate cuts and economy

My Comment on an article " Market indecisive? Top eight sectors where you can scour for value bets" published in the Dated 01/10/2015

"To speak the truth, there is really no honey in this money play. 

Rate cuts are only elusive when think about the way inflation has been growing each year. The real inflation pictures are not depicted in the charts. 

Our common man can know better what all this means. The growth in income by way of returns for produce or through salaries or wages is nominal when compared to real inflation in cost of living. So the consumer actually receives no benefit as he has to pay always extra from his pockets."

A Comment on RBI cutting the repo rate by 50 base points

MY Comment on an article "RBI provides booster shot to economy, cuts repo rate by 50 basis points" published in the Dated 01/10/2015 at 4:48 pm. 

"The benefits of this rate cut should be passed on to the customers by the intermediary banks and institutions that get facilitated in their transactions from the Central Bank (RBI). 

Then only can there be any of that positive influence on economy."
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