The country's 5 lakh kilograms of gold was mortgaged in August 2013. Why did Rahul Gandhi and the flattering Congress journalists of Lutyens Media forget the embarrassing story of that terrible misery of the country's economy ?
Nowadays, Rahul Gandhi and the Congress flatterers of the Lutyens' media are constantly lamenting that Prime Minister Narendra Modi has ruined the country's economy. So today it is important to remind what the devastation of the country's economy means.
That date was August 29, 2013, By that day, the Congress-led UPA government had completed its term of 9 years and 3 months. On the same August 29, 2013, a sensational news published in the media of the entire country had spread sensation in the entire country. The image of the country at the international level was very badly tarnished.
In this news it was mentioned in very clear words that the economic condition of the country has become so fragile that the Minister of Commerce and Industry of the Central Government Anand Sharma has suggested that 5 lakh kilograms of gold of the country should be taken out of the gold treasury of the country. Be mortgaged.
See first comment to confirm the fact.
Let me also mention that at that time there was only 5 lakh 57 thousand kilograms of gold in the gold treasury of the country. In other words, the advice to mortgage about 90% of the gold of the country's gold fund was given by none other than the then Union Minister of Commerce and Industry Anand Sharma. At that time, the market price (27,750 per ten grams) was Rs 1.38 lakh crore.
The so-called great economist, Prime Minister Manmohan Singh,🙄 in the tenth year of his tenure, had brought the country's economy to such a pitiable state.
After the above sensational news published in the media, the then Commerce Minister Anand Sharma, under the pressure of the uproar in the country, had clarified that my point was misrepresented. But Anand Sharma's cleansing was blown away by the events of the next 2-3 months. Gold was not mortgaged due to the tremendous spitting happening in the country and the world.
But another back door to cover the country's miserable economy was discovered by Manmohan Singh's then UPA government. In the last year of its rule, the UPA government borrowed a total of .3 32.32 billion (Rs. 2.23 lakh crore) between September 2013 and December 2013, including about 25 25 billion in foreign currency non-resident deposits, i.e. FCNR (B). The head of the country was covered. The burden of this debt has been borne by the Modi government itself with interest.
It is also clear from the above fact that in the last year of his tenure, Manmohan Singh had plunged the country's economy into such a miserable and impoverished state that despite raising Rs 1.38 lakh crore by mortgaging 90% of the country's gold, the situation did not improve.
That is why the UPA government had raised a debt of Rs 2.23 lakh crore through Foreign Currency Non-Resident Deposit "i.e. FCNR (B). +
Let me mention at the end that the Modi government has increased the gold reserves of the country from 557 tons in August 2013 to 705 tons.
On June 30, 2021, the country's gold reserves had reached 705 tons.
1. Read this confession of Raghuram Rajan, the then …
Comments
Post a Comment