https://www.moneycontrol.com/news/business/economy/how-the-governments-gold-policies-make-indias-neighbours-richer-and-this-country-itself-poorer-4574121.html
India's gold policies have impoverished the country
RN Bhaskar -- Oct 25 2019
In 2013, P Chidambaram decided to impose a 10% import duty on gold (https://in.reuters.com/article/india-tax-finmin/gold-duty-raised-to-record-10-percent-as-imports-revive-idINDEE97C03J20130813). The finance minister was quite savvy about the way financial markets work.
He knew too...
https://www.freepressjournal.in/analysis/distressed-times-just-watch-what-is-happening-to-gold
When people stop buying gold in India, there is cause to worry
RN Bhaskar
At one level, this should be cause for celebration. Gold imports into India crashed during 2020 (see chart). Lower import of this yellow metal means a smaller...
https://www.freepressjournal.in/analysis/policy-watch-clean-up-the-gold-trade-quickly-as-a-national-priority
Gold smuggling- II: Cleaning up the gold trade is a national priority
RN Bhaskar
(Part I of this series can be found at http://www.asiaconverge.com/2020/10/gold-smuggling-i-is-encouraged-by-flawed-government-policies/)
Why should gold be a national priority?
There are three reasons why gold assumes immense significance for the integrity...
