RBI plans to request Tirupati, Shirdi shrines to sell their gold pile to rescue Re fall
Shravan Krushnapaksha 10, Kaliyug Varsha 5115
The RBI invention of endangering the economy of the country due to gold used in temples instead of several scams by ruling Government, shows its intellectual bankruptcy ! The rulers have made provision for their next ten generations by looting hard-earned money deposited by the citizens by way of taxes into the Govt. coffers. It has been observed from the wealth declared by the elected representatives, who had no money to have even two proper meals, becoming billionaires after getting elected. Even then, overlooking the accumulated wealth and gold or silver by these elected representatives, RBI is eyeing at gold donated by devotees, out of their faith in God. Such RBI is also Hindu-hater ! Tomorrow, RBI will dare to even remove gold ornaments worn by you ! Hindus should oppose, in lawful manner, to such dacoit RBI ! – Editor Sanatan Prabhat
MUMBAI : With all efforts to arrest the rupee's slide coming to a naught, policymakers now plan to knock on the doors of temples — from Tirupati to Shirdi — seeking a boon to feed Indians' fetish for gold without importing it.
The Reserve Bank of India, which has been making gold imports more difficult through a series of restrictions, is discussing with banks on how to convince temple trusts to deposit their hoard of idle jewellery that could be converted into bullion, said two bankers familiar with the matter.
They refused to be identified because of the sensitive nature of the issue. The Tirupati temple in Andhra Pradesh, Shirdi Sai Baba temple in Maharashtra, Siddhivinayak at Mumbai and Padmanabhaswamy temple in Thiruvananthapuram are among the richest in India with huge reserves of gold and precious metals.
In fact, the roofs of many temples, such as the Nataraja temple in Chidambaram, Tamil Nadu, and Tirupati are covered with gold. RBI is counting on banks handling the accounts of these temple trusts to convince them to convert their huge gold deposits into cash, the bankers said.
No certainty of any deal
But there is no certainty of any deal with the temple trusts, given the diverse nature of these trusts and the local politics involved. "The idea is that a designated bank may buy gold from a temple trust and the ornaments will be converted into bullion. These may be bought by RBI by selling rupees," said one of the bankers quoted above. RBI did not respond to an email seeking comment.
Gold imports worth $53.6 billion last year are blamed for the rupee's slide, accounting for 61% of the current account deficit in fiscal 2013. Although the government and RBI acknowledged that high inflation provoked investors to chase gold, both have of late been trying to discourage imports of the precious metal. The rupee lost nearly a quarter of its value this year, but has since recovered.
"The finance minister and RBI governor should jointly — and immediately — approach the trustees of Tirumala Tirupati Devasthanams (TTD)," said Jamal Mecklai, chief executive of Mecklai Financial. "Three of these (trustees) are state government appointees, and given the current political dispensation this is a distinct advantage. They should, of course, offer prayers. That will be an opportunity for the hugely rich trusts to make additional amounts of money."
Tirupati is among the world's richest temples with an estimated gold hoard of about 1,000 tonnes, nearly double of India's estimated imports this year. The country, as a whole, is estimated to have a gold stock of 18,000-30,000 tonnes. The temple trusts, however, do not seem inclined towards such a plan, at least for now.
"There are no plans to do such a thing. There have no discussions with RBI," said a spokesman at TTD. Some banks run gold deposit schemes where individuals deposit the yellow metal for 3-7 years.
Source : Economic Times
Kannada writer Yogesh Master was arrested after local Hindu outfits lodged a complaint against him for allegedly hurting the sentiments of Hindus by depicting Lord Ganesh in poor light in his novel 'Dhundi'.
เคฆेเคนเคฐाเคฆूเคจ, เค
เคเคธ्เคค 29 : เคนेเคฎเคตเคคी เคจเคจ्เคฆเคจ เคฌเคนुเคुเคฃा เคเคข़เคตाเคฒ เคตिเคถ्เคตเคตिเคฆ्เคฏाเคฒเคฏ, เคถ्เคฐीเคจเคเคฐ (เคเคข़เคตाเคฒ) เคจे เคธीเคฎा เคเคฎ्เคा (เคंเคธเคฒ) เคे ”เคถ्เคฐी เคฎाเคงเคต เคธเคฆाเคถिเคตเคฐाเคต เคोเคฒเคตเคฒเคเคฐ เคे เคธाเคฎाเคिเค เคฆเคฐ्เคถเคจ เคा เคธเคฎाเคเคถाเคธ्เคค्เคฐीเคฏ เคตिเคถ्เคฒेเคทเคฃ” เคตिเคทเคฏ เคชเคฐ เคถोเคง เคाเคฐ्เคฏ เคो เคกाเค्เคเคฐेเค เคी เคฎाเคจเคฆ เคเคชाเคงि เคช्เคฐเคฆाเคจ เคी เคนैं।
เคกॉ. เคธीเคฎा เคเคฎ्เคा (เคंเคธเคฒ) เคจे เคฌเคคाเคฏा เคि เคถ्เคฐी เคुเคฐुเคी เคी เคฏเคน เคฆूเคฐเคฆृเคท्เคि เคी เคตिเคाเคฐเคงाเคฐा เคจे เค
เคจेเค เคธाเคฎाเคिเค เคธเคฎเคธ्เคฏाเคं เคे เคธเคฎाเคงाเคจ เคे เคธाเคฅ เคนी เคธाเคฅ เคเค เคเคธे เคชเคฐिเคตเคฐ्เคคเคจ เคो เคญी เคเคจ्เคฎ เคฆिเคฏा เคो เคธाเคฎाเคिเค เคเคตं เคธांเคธ्เคृเคคिเค เคीเคตเคจ เคฎें เค
เคญी เคญी เค
เคชเคจे เคฎเคนเคค्เคค्เคต เคो เคช्เคฐाเคธांเคिเค เคฌเคจाเคฏे เคนै। เคเคธी เคเคฆ्เคฆेเคถ्เคฏ เคธे เคช्เคฐेเคฐिเคค เคช्เคฐเคธ्เคคुเคค เค
เคง्เคฏเคฏเคจ เคฎें เคถ्เคฐी เคोเคฒเคตเคฒเคเคฐ เคुเคฐुเคी เคे เคตिเคाเคฐों เคเคตं เคฆเคฐ्เคถเคจ เคा เคธเคฎाเคเคถाเคธ्เคค्เคฐीเคฏ เคตिเคถ्เคฒेเคทเคฃ เคเคฐเคจे เคा เคช्เคฐเคฏाเคธ เคिเคฏा เคเคฏा เคนै।
