21 comments
aroonrana
aroonrana

Now's the time to repatriate the billions of stolen $$$ held by Congress Party leaders in Swiss and Overseas accounts

vaishnavjagdip
vaishnavjagdip

Indians love  gold & God, it shall neither slow down nor can be controlled.

Import of gold bill has gone up because of increase in gold price. Govt has to concentrate on promoting export & services 

Encourage exporters, explore possibilities to export other new items, goods

vaishnavjagdip
vaishnavjagdip

Indian Govt has to respond to public demand, however govt is failed to promote export & services.

Fiscal deficit is high due to delays in implementation of projects, corruption, deficit governance , govt populist schemes have more leakages, food grains gets rot ,there are no warehousing facilities still govt is firm to go ahead with food security bill which shall add more trouble for the economy.

Raj Bhattacharjee
Raj Bhattacharjee

All we need is to get a bit of political goodwill&stop blaming others,look India's still got the potentiality,before and after Gandhi's assasination.

Monu Singh
Monu Singh

indian UPA government fail to make economic growth rate after Vajpayee government . That time growth rate was 8% now it is only 4.5% shame shame on Gandhi family

kewlaniv
kewlaniv

@TIME @TIMEWorld what about unnecessary import of oil? at least gold is asset, see use of individual vehicles by Govt. agencies.

bojimbo26
bojimbo26

The government doesn't want the people to buy it because the government require it for their pensions .

daleholmgren
daleholmgren

Apparently there is a wild misunderstanding by Time Magazine over the function of gold.  Gold is money; it is used to preserve purchasing power, which it has done quite effectively in India, as the rupee has been printed into waste paper.  For example, as recently as 2005, you could buy an ounce of gold for 7000 rupees. Today, it will cost you 25,000 rupees.  

The Indian government does not want the Indian people to protect their wealth this way; they want to steal from their citizenry by making money promises in rupees, then printing rupees into confetti.  Time Magazine is being irresponsible by promoting this robbery, however indirectly, as a good thing.


sachi_bbsr
sachi_bbsr

Ahhh ... the hilarious dumbness of Indians ... India is doomed.

Amen.


airdog64
airdog64

@TIME @TIMEWorld the survivalist theory: stamp duty on a gold ear ring equates to a happy ferenghi bar none da divine treasury at revolution

alexiyamu
alexiyamu

@TIME that is also true of the Nigerian oil resources