Submitted by Koos Jansen via BullionStar.com,
While India’s gross gold bullion import in 2015 reached the third highest amount ever at 947 tonnes and gross silver bullion import reached the highest amount ever at 8,504 tonnes, the Indian government is perpetually trying to obstruct the populace from protecting their wealth.
There are three certain things in life: death, taxes and paying vault storage fees to keep your gold safe. Or at least there were: recently the third of these certainties got somewhat muddied when, over the past year the government of India unleashed an attempt to soft-confiscate the nation's publicly held gold, by offering to pay interest for said gold. Incidentally, the effort has failed miserably as India has been able to collect only a few tons of gold as part of this gold monetization scheme.
A disturbing number of Indian citizens have signed up to become ISIS militants, with around 30,000 people ready to wage war on India, according to government data. Zee News reports: ISIS is using these people to hack secret data of Indian government; the terror outfit will use the data to forge strategy to harm India. ISIS contacted these people online. Now, cyber officials are keeping an eye to social media to curb these activities. According to a Maharashtra ATS officials, they have blocked 94 websites so far. These websites had content related to ISIS.
In late September, India “surprised” 51 out of 52 economists by cutting rates a larger than expected 50 bps.
Despite RBI Governor Raghuram Rajan’s penchant for catching markets off guard and despite the fact that exports had fallen for eight consecutive months, economists still failed to predict that anything more than 25 bps was in the cards.
Submitted by Jeff Nielsen via SprottMoney.com,
In previous commentaries , readers were warned that Western bankers were once again targeting the gold market of India with more of their fiendish plans. This time, they convinced (bribed?) India’s new, corrupt government – the Modi regime – into orchestrating a scheme to steal the gold from its own people.