Gold importance for economic issues solution

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Government should work on three front. First Use gold as currency to strengthen rupee against other foreign currencies. Gold near house hold can play important role for economy. Government should allow to add a gold transaction law for term deposit and gold term lending in banking system. Need to add a section of gold measurement in All types of savings, Current and dollar account. then make a deposit center of gold inside or outside of the bank. Give interst of gold term deposit in gold measurement. like 100 gram gold saving account interest 2.5 gram of annual interest. people are free to deposit & withdraw any time. Need to start gold term time deposit like F.D., Bond, debenture etc. Start gold term loan as 100 gram lending interest 6% per annum on GFIR. Thus RBI will get benifit through gold reserve ratio like CRR, government will get statutory gold ratio like SLR, banks get more fund for lending, public get more choice for earning. Corporate and MSME enterprise get gold term loan which is beneficial at time of downtrend prices. allow after six month gold term lending change in rupees and rupees lending in gold. If in next five year banks will become successful to attract gold term deposit and lending then Indian economy may touch 10 trillion dollar in next 5 years. Last conclusion Use gold as currency.

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