PUBLIC GRIEVANCE : Comments on draft Gold monetisation / Sovereign Bonds scheme

[Sarbajit Roy]

To:

The Secretary

Department of Economic Affairs

Ministry of Finance

Government of India

cc:

The Secretary

Department of Higher Education

Ministry of Human Resource Development

Government of India

BY EMAIL

Dear Sir,

Kindly acknowledge my protest and outrage directed at the highly surreptitious and opaque process your Ministry has adopted to solicit comments from the public on the draft Gold monetisation and Gold Sovereign Bonds schemes,

It is now amply clear that your Department is infiltrated by gold cartels like the so-called World Gold Council if you propose such tripe. There is more than sufficient confiscated Gold stocks with the Finance Ministry to obviate such obnoxious proposals. There is no good reason why such vast reserves of confiscated gold stocks are not smoothly liquidated and used for nation building activities with the added benefit of bringing the price of physical gold to affordable levels for the citizens and lessening our CAD problems.

To make it amply clear that your draft proposals emanate from the notorious "World Gold Council", I attach a 2014 case study circulated at Indian Institute of Management Lucknow as sponsored by World Gold Council which is nothing but poor quality "paid research" for which certain IIMs are now notorious. I am sure that you would readily identify the IAS officer alluded to in this document.

Kindly also be cautioned that World Gold Council has now moved on to IIM Ahmedabad to manufacture even more such "independent" documents to lobby the Govt of India under the name and style of "India Gold Policy Centre".

sincerely

Sarbajit Roy

B-59 Defence Colony

New Delhi 110024

M : 08010205897