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- Get married by 28-29
- Pray to God daily.
- Prioritize nature over looks
- Have a kid before 30,
- 2 kids till 35
- Send kids to good school rather than best school
- Keep your life Private
- Respect your Parents and Parents-in-law's
- Learn to compromise rather then divorce
- Keep away Phone from kids
- Don't buy luxury if you can't afford
- Just don't fall for this modern Sh!t,
Stay happy and grow old together just like your Parents...
#Bad news for #India
₹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 ♥️
- Pushpendra Singh
Public Sector Banks (PSBs) are no longer just financial institutions,they are the last-mile delivery engines for the government’s electoral strategy. 👇
🔹️PM KISAN
🔹️PM SavNidhi
🔹️Lakhpati Didi
🔹️PM Vidhyalaxami
🔹️PM Vishwakarma
🔹️DBT
We just demand #5DaysBanking .
@DFS_India@FinMinIndia@nsitharaman