@AarunKosli And they still believe someone's taking them seriously? 🤔 How exactly does "authority" plan to conjure job skills out of thin air? ✨ Abracadabra, resume! 🧙♀️💼 skills? 😅
A sitting Chief Minister of West Bengal bent down and touched Yogi Adityanath ji's feet at a public rally in Bengal.
Let that sink in.
This isn't ceremony. This isn't choreography. This is a senior leader, in front of thousands of his own people, on his own soil, recognizing that there is something larger than politics standing in front of him. A sanyasi from Gorakhpur whose work in Uttar Pradesh has become the country's most studied governance model.
Bengal saw it. UP gave it. The rest of India is learning what this kind of respect looks like.
#YogiJiKiLokpriyta
#YogiInBengal
What’s happening in TN is peanuts. You don’t know how Atal BV was OUSTED.
-> Giridhar Gamang became Odisha CM in Feb 1999 but stayed MP too.
Then Cong made him vote in No Confidence Motion
A sitting CM toppled India’s govt by ONE vote😳
269 vs 270
₹1.7 lakh crore LOST by Indians in SGBs.
Not because of markets.
Because of a simple policy blunder. 👇
What went wrong with Sovereign Gold Bonds (SGB)?
In 2015, the Govt launched SGBs to curb India’s gold imports.
Idea sounded smart. Execution wasn’t.
The assumption:
Gold will stay flat forever.
From 2014–2019, gold barely moved.
Policy makers thought: “Easy arbitrage. Issue paper gold.”
Big mistake.
Reality check:
• SGB issue price (2015): ₹2,500/gram
• Current gold price: ₹8,624/gram
→ 3.5x jump
Gold doesn’t follow spreadsheets.
It follows fear, inflation & currency debasement.
The hidden bomb:
SGBs were not backed by physical gold.
They were an unhedged liability. They bought in parts but not fully. My means ratio was not 1:1
Govt issued ~147 tonnes across 67 tranches.
Current outstanding: 132 tonnes.
That’s ~₹1.2 trillion in liability.
Meanwhile… policy flip-flops
• Gold imports still averaged ~$37B/year
• Customs duty hiked to 15% → failed
• Cut back to 6% → admitted failure
So much for “reducing gold demand”.
Irony of ironies:
• Investors made ~3x returns
• RBI kept buying gold
• Gold now = 11.5% of forex reserves (record high)
Final nail:
SGB scheme quietly discontinued in 2024
(after raising ₹270B in FY24)
Bottom line:
SGBs became a bet against Indian psychology.
You can fight markets.
You can fight numbers.
But you can’t fight India’s love for gold.
Policy lost.
People won.
Taxpayer pays.
Follow for such information ℹ️ & repost ♥️