Can the ideas behind gold deposits and other proposals to wean away the demand for gold through financial products be relevant for senior citizens?
The Financial Scene of last week on the challenges posed by unbridled gold imports has elicited a large response. The central theme of the column was that the increasing clamour for policy actions, by themselves, will not be enough to dampen gold demand in this country. By many yardsticks, gold imports have reached such dimensions that they pose a threat to macroeconomic stability. The column drew substantially from a recent report of an expert committee constituted by the Reserve Bank of India (The report is available on the RBI website).
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