HOW REDUCE THE GOLD PRICE IN INDIA
In India gold purchasers(customers) are most of them are black money land lords particularly in Kerala State. They are utilizing black money for procure gold from the market. The gold merchants are not asking the source of money from customers. In Kerala 50% of the people have rubber trees more than 3 acres which producing raw materials of rubber worth yield of income 2500/- of rupees per day. They will be treated as farmers in Kerala State and they are not paying any kind of taxes to the government. Such land lords are creating money inflation in this country.
The following measures if adopted by the Finance Minister of Central Govt can be reduce the price.
1. To reduce gold price in India Central government to issue orders to reserve bank of India for restriction of Gold purchase from the open market for minimum 5 years.
2. Pledging of Gold for loan from the bank maximum 50% of the market rate be allowed as loan.
In India gold purchasers(customers) are most of them are black money land lords particularly in Kerala State. They are utilizing black money for procure gold from the market. The gold merchants are not asking the source of money from customers. In Kerala 50% of the people have rubber trees more than 3 acres which producing raw materials of rubber worth yield of income 2500/- of rupees per day. They will be treated as farmers in Kerala State and they are not paying any kind of taxes to the government. Such land lords are creating money inflation in this country.
The following measures if adopted by the Finance Minister of Central Govt can be reduce the price.
1. To reduce gold price in India Central government to issue orders to reserve bank of India for restriction of Gold purchase from the open market for minimum 5 years.
2. Pledging of Gold for loan from the bank maximum 50% of the market rate be allowed as loan.
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