The Modi Government in its second term has a lot to do to live up to the expectations of the whole world and Indian masses . The economic Development is the only way to live up to the challenges and the resources have to come from with in and India is fortunate to have all the resources that are required to take the economy forward on the fast track. Human resources and talent are abundantly available . Technology is at its command. Money is perhaps the only resource in short supply but if one were to tap the idle Gold Reserves estimated at around more than 20000 tonnes and convert them into cash, the country has all the resources needed to develop the economy the way it wants and the world expects. The Reserve bank can establish a GOLD Bank under its control and mobilise the Gold reserves lying scattered through out the country with people all over , temples, churches, mosques, charitable institutions, and other places where even mining can be explored.
It is time for the new Government to have innovative ways to find resources for all its developmental and welfare activities along with its reforms in taxation and governance. The Gold Bank can be set up in Mumbai where the Reserve Bank has its Central Office and the Government has plans to develop an international Financial web. THE GOLD BANK IS THE KEY TO OPEN UP THE ECONOMY AND MAKE IT A WORLD LEADER.
Dr T V Gopalakrishnan
