Gold Management

Welcome to Warrier's Daily COLLAGE December 3, 2020 Thursday Hiranmayena Pathrena Sathyasyapihitam Mukham*... https://youtu.be/SFQFNjkS9rs (Isavasyopanishad Stanza 15) *See quote below. 16th Century Dramatist Thomas Dekker translated this, in the language he can communicate, nicely! 🙏 M G Warrier A Music https://www.youtube.com/watch?v=GBN9Li092qM (Ye Dosti Hum Nahi Thodenge...) (Link Courtesy: Ramesh Warrier) Tomorrow's Theme: Post-Retirement Life Quote for the day "A mask of gold hides all deformities." THOMAS DEKKER, Old Fortunatus B Gold Management 1) Gold Management Needs A Makeover: Suggestions made in April 2012 https://www.thehindubusinessline.com/opinion/gold-management-needs-a-makeover/article20449587.ece1 (This is a 2012 article. My 2020 book "Restoring TRUST in Governance" has a chapter "India's Gold Getting A Makeover", though still a pious wish! Excerpts below- Warrier) "Future Course Reserve Bank of India should counsel GOI to understand the significance of the treasure in the form of gold stock with institutions and individuals lying idle in the country. As a short-term plan, concrete measures should initiated for putting at least some 20 percent of the domestic gold stock to productive use in the next 5 years. This will reduce the country’s gold import bill considerably. This can be achieved by: ● Making a realistic assessment of gold stock remaining idle in the country ● Providing incentives to holders of gold stock to properly account for the stock with them ● Making gold deposits with banks remunerative ● Introducing gold-backed financial instruments which are not dependent on imported gold (The tiny instruments now available in the form of Gold ETFs, gold coins and Sovereign Gold Bonds are indirectly dependent on import and have not attracted significant investor-interest) ● Quickly arrange for infrastructure, technology support and linkages for gold refining and certification facilities of international standard RBI and GOI could consider even deficit financing for procurement of domestic gold as this could herald the emergence of a ‘Golden Era’ in the country's history."

Comments

Post a Comment

Popular posts from this blog

NAVAGRAHA STOTRAM

NAVAGRAHA STOTRAM* According to astrology, the positions of the nine planets in the twelve constellations of the zodiac and their movements are considered to be quite significant. The nine planets ‘Navagraha’ affect every aspect of human life. They play an important role in the activities, physical and mental health and life of any individual. The unfavorable positioning of any of these planets can be the cause of problems, bad health, and stagnation for many people. However, there is a solution to avoid the ill effects of the position and movement of the ‘Navagraha’ in our lives. Navagraha mantras (or stotram) are simple mantras which work as powerful healing tools to reduce the negative effects of any of the nine planets. These mantras are Hindu holy hymn addressing the nine planets. Benefits Of Navagraha Stotram And The Way to Practice The Navagraha Stotram is written b y Rishi Vyasa and is considered to be the peace mantra for the nine planets. They are powerful m
Read more

THE SUNSET OF THE CENTURY

*SUNSET OF THE CENTURY: Rabindranath Tagore THE LAST SUN OF THE CENTURY SETS AMIDST THE BLOOD-RED COLOURS OF THE WEST AND THE WHIRLWIND OF HATRED. THE NAKED PASSION OF SELF-LOVE OF NATIONS IN ITS DRUNKEN DELIRIUM OF GREED IS DANCING TO THE CLASH OF STEEL AND THE HOWLING VERSES OF VENGEANCE. THE HUNGRY SELF OF THE NATION SHALL BURST IN A VIOLENCE OF FURY FROM ITS OWNSHAMELESS FEEDING FOR IT HAS MADE THE WORLDITS FOOD, AND LICKING IT, CRUNCHING IT AND SWALLOWING IT IN BIG MORSELS, IT SWELLS AND SWELLS TILL IN THE MIDST OF ITS UNHOLY FEAST DESCENDS THE SUDDEN HEAVEN PIERCING ITS HEART OF GROSSNESS…   *Note: “The Sunset of the Century”, translated by the poet, from Naivedya; The English Writings of   Rabindranathtagore, Volume II,Delhi 1996, page 466. Quoted in his article ‘Critiquing nationalism’ by K Satchidanandan (Frontline, November 14, 2014). The article takes you to a much broader spectrum. HAPPY READING(READ MORE STAN
Read more

The King of Ragas: Sankarabharanam

                       The King of Ragas                      --------------------------     Long ago  serpents were put to lot of hardships.They  were afraid of other animals. They had to seek refuge in the hermitage of sage Saraba.The sage was a true devotee of Lord Shiva.He used to pray Shiva with melodious songs. As he sang a particular raga the snakes were much inspired and they began to dance,. Slowly the serpents became friendly with the sage. They brought water in their mouths for the pooja.They secreted  a special fluid in which the flowers got stuck to their bodies.The sage was much astonished by the service of the snakes.As the sarpas became very close to the sage ,they requested him to help having Darsan of Lord Siva. As requested by the sage Shiva appeared in the form of  a  Kapalika and stayed in the ashram.The music and dance of the snakes continued. The snakes rendered service to the kapalika as they considered him  a Shiva bhakta.Shiva was much pleased with t
Read more