BPOs in rural India | Business Line

BPOs in rural India | Business Line



For my full response on gold management, please see earlier Blog giving link to government announcement of gold monetisation scheme. Copied below is my letter published in Business Line, September 11, 2015:
Gold management
This refers to ‘Gold monetisation, sovereign gold schemes get Cabinet nod’ (September 10). It is comforting to see some positive developments after three years. Though these are steps in the right direction and may fetch some positive results, much more needs to be done, if at least a substantial portion of the estimated surface domestic stock of gold at 20,000 tonnes is to get into the mainstream. One, it would restore credibility in the institutional system if the present holders ‘sacrifice’ by temporarily parting with their prestigious possessions. Two, there should be clear disincentives for hoarding gold stock. And three, the government should consider recovering at least a part of the costs incurred for providing security for the stocks maintained by individuals/institutions.
MG Warrier
Mumbai

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