You are here

Modi plans to wean India off gold

But government plan to reduce trade deficit by recirculating gold lying in temple vaults and homes faces many challenges

gold100615.jpg
The prospect of his gold offering to the Hindu deity Lord Venkateswara being melted down to help India shrink its trade deficit strikes Balbir Singh Uppal as sacrilegious.

Mumbai

THE prospect of his gold offering to the Hindu deity Lord Venkateswara being melted down to help India shrink its trade deficit strikes Balbir Singh Uppal as sacrilegious. To some bankers, it's just tone deaf.

"The gold is considered to be god's property, and no one else has

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom