The country’s finance minister announced a scheme to monetise the gold holdings of India’s families, but the finance minister back at home, the housewife, is having none of it.
by Timsy Jaipuria
Hindustan Times
There is a conflict between two finance ministers, and it seems the ‘official’ one is not winning this war.
The country’s finance minister announced a scheme to monetise the gold holdings of India’s families, but the finance minister back at home, the housewife, is having none of it. This came through clearly at a recent meeting between economic affairs secretary Shaktikanta Das and representatives from the Reserve Bank of India, temple trusts and other bodies, to discuss ways to make the scheme more attractive.
“I am not even able to convince my wife to part with her jewellery, which she hardly uses,” one official reportedly said at the meeting, raising laughter. “It’s easy to convince North Block but very difficult to convince finance minister at home to participate in this scheme.”