Currently, gold shares in India is estimated at 18,000 tons, valued at around $ 900 billion and gold in the possession of RBI amounts to 570 tons, which constitutes 9.5 percent of Forex reserves. The lethal attraction is that the yellow metal is at a rise during the year 19 consecutive.
Lying in people’s bank lockers, it excludes the chance of leverage for both the owner and the economy. We must recognize that gold values assisted by a gold and liquid paper gold market would have the collateral benefits of providing a broader matrix or investment opportunities for retail investors.
Gold cannot compete with the dollar market or bonds, since its corpus is too small to accommodate the capital that moves from stressed economies. But gold will be a safe shelter for each kind of investors.
R Narayanan
Navi Mumbai
Papal legacy
The death of Pope Francis marks a gloomy moment not only for the Catholic world but also for all humanity. Since he became Pope in 2013, he led a papacy defined by the reform and an unwavering commitment to justice, in addition to prioritizing humanitarian Conerns and speaking against poverty.
It was through his humility that won hearts and minds among people of all nationalities and religions. He will be remembered mainly for his powerful position, the genocide in Gaza, which condemned in clear and moral terms, unwavering in his criticism or not only in Israel, but also in Western leaders in suffering.
He reminded the world that love, mercy and courage are the most true expressions of faith. Unfortunately, he could not visit India after having warmly accepted the invitation of PMS Modi.
Gregory Fernandes
Mumbai
Zoho’s good job
Zoho news learning schools expand with two more campuses in southern Tamil Nadu ‘, (April 22), is welcome. Education is increasing more and more for the rich, leaving the less privileged Beind.
It is moving to see Zoho absorb many of the students of the school as employees and empower their families in the process.
Other industrial groups should be inspired by Zoho’s work and skills students to help them venture into entrepreneurship.
That will surely help India reach its legitimate slot as a nation and help foster local talent.
José Abraham
Kottayam (Kerala)
Pain
APPROACH The editorial ‘is in crossroads’, the numbers of the best companies in India during the last quarters have been too impressive.
With Trump’s tantrums, the following rooms could be worse.
The United States has been the main consumer of Indian IT services. India has worked more in the office for US companies, because it was profitable for them.
A recession in the business of the United States, therefore, also meant a loss of businesses in India.
Indians need to show some innovation in the development of newer technological solutions and make them.
Anthony Henriques
Mumbai
Posted on April 22, 2025