Govt has a habit of coming up with schemes which are irrelevant or useless and have no relation to the population's requirements and needs. Schemes have to be lucrative for the common man and not just a means to extract taxes. People are smart enough to spot such schemes. Why is the govt not coming out with tax free bonds with ATTRACTIVE rate of interest ? These bonds were so hugely popular two years ago. The rate of interest this year is barely 7%, who will invest?? Post office schemes have good rates of interest but they are taxable, which fool will invest there ?? Similar is the case with these three Gold Schemes launched by the govt.
