Sovereign Gold Bond scheme was meant to reduce physical gold imports & provide govt a cheaper borrowing option. But gold imports haven’t gone down while govt liability has surged.
According to DRI data, 150-200 tonnes of gold are smuggled into India annually. If this year's seizures are anything to go by, most of it sails past customs.
The financialisation of Indian household savings is one of the most important economic shifts of the past decade. But financialisation without international diversification creates fragile balance sheets.
The Nirouyeh Vijeh Pasdaran Velayat, or NOPO, was the only force Ali Khamenei trusted.It was founded in 1991 and is more feared than the Revolutionary Guards.
Rating democracies is a tricky business. I am only using the simple metric of who in the Indian subcontinent has had the most peaceful, stable, normal political transitions and continuity.
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