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." 

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