@rj79in@SMahashur Not without parliamentary approval.
And thank you for bringing USD walking away from gold standard and proving my point. They did it in US because it wasn’t backed by physical gold.
@rj79in@SMahashur Government can change the rules anytime they want.
Bigger things are happening around gold globally and anything thats not backed by physical gold is a major risk.
AMCs being ordered to stop investments into Gold FoFs is only gonna make people rush to buy gold in other ways.
This experiment failed in 1968 and will fail again
@jasveer10 BJP has a very clear understanding of human psychology. They had to take these measures since they are cornered and trapped without an easy exit.
With everything thats happening in national politics, if #DMK was in power in #TN, we would’ve been at the forefront fighting it out.
But we are just mute spectators now
@SarangSood The momentum is certainly gonna take it to 6% and our current earnings growth rate isn’t gonna make it attractive for FIIs to come back in the short term.
@AshishGupta325 I was thinking how could RBI mess up so badly in SGBs and FCNR but now it all makes sense. Everything is dumbed down in this country 🤦♂️
@WeekendInvestng Government didn’t do anything to improve ease of doing business. They infact made things worse. They are definitely to be blamed for this