GOLD GLITTERS

Source: The Hitavada      Date: 08 Feb 2018 10:31:53


 

 

 

 

 

 

 

 

 

FOR India gold has started glittering again following policy changes by the Government. As a result more than investment purposes, the demand for the yellow metal has surged from gems and jewellery sector. Experts attribute this to the revival of demand from the rural markets for jewellery and Government’s move to remove anti-moneylaundering regulation from jewellery. There was a time when the Government was worried over the Current Account Deficit (CAD) going out of hand as a result of surge in gold imports due to insatiable love for gold as an investment mode and Indians’ social and cultural passion for it as an adornment, and also the surging demand for petroleum products. Government had to put curbs on imports of both the commodities. But that gave rise to smuggling. With the Government easing policy on import of gold and the GST getting stabilised, the uptick in gold demand is quite noticeable. That India accounts for 9 pc of total global demand shows how much influence India holds on over all world gold market.


GOOD MOVE


PRIME Minister Mr. Narendra Modi’s gesture to meet the children from Jammu and Kashmir’s Ladakh region and Sikkim should be counted as a starting point for rolling out all-round welfare initiatives for the North and North-Eastern states. Exhorting the students to live a life sans stress and pressure Mr. Modi underlined the importance of learning through various means. The regions the students come from definitely hold great potential in academics as well as sports. Emergence of North East players as a core group of Indian team in the recent U-17 FIFA World Cup shows the talent pool available in the region. A strong political will coupled by honest efforts by the planners to provide facilities and infrastructure to these regions can become a big game-changer for the children of North and North Eastern states. Schools for a cluster of villages and playgrounds with modern facilities are the basics needed to tap the raw potential of these students. The Prime Minister has made a start, a thorough follow-up is now needed immediately for results.