Economy of India is getting adversely affected mainly by gold offered in temples : Reserve Bank

Ashadh Shuklapaksha 9, Kaliyug Varsha 5115 

 

Churches have thousand times more wealth than temples and mosques and madarasas are funded by Arab countries; still disregarding these facts, Reserve Bank of India says, ‘economy of the country is getting adversely affected by gold offered in temples’

New Delhi : Till the demand for gold does not reduce in this country, import of gold will not go down and the financial loss will not decrease, said Reserve Bank of India while making few recommendations to the Government related to gold import. Gold offered in temples is the root cause of problems related to gold. RBI has stated in its recommendations that import of gold was affecting Indian economy.

1] The Government should make various gold products in association with banks. This will decrease people’s tendency towards gold. Few such products have been brought in the market; but people are not aware about them; therefore, there is no sale.

2] Every year, 300 tons gold is collected in the country which is of no use to the economy of the country. In fact, it is a burden on the economy. If organizations are allowed to purchase gold giving good price, people will sell gold and that can be used in our economy.

Source : Dainik Sanatan Prabhat