Successive Govts from 1991 orchestrated diverting domestic saving to private financial assets such as shares MF bonds etc by lowering interest rates in small savings to ecourage privatisation s in the name of LPG. smart People find Gold a viable alternatives to other investment which is nothing but a wasteful investment from Govt point of View. Instead Govt must come out with viable investment plans in small savings with attractive returns for mobilize huge saving to fund infrastructure/roads/dams Will this UPA inspired Jeitly & Co the Failed Minister will do ?
