Gold Coins of Sachin Tendulkar should be banned
It refers to gold-coins issued by a private company with photo of cricket-icon Sachin Tendulkar embossed on high-priced gold-coins priced at rupees 34000 for ten-gms pure-gold coin, at a time when gold-prices are zooming around rupees 28000 per gms or so. Reserve bank of India (RBI) and Union Finance Ministry should take immediate steps to stop sale of such profit-making gold-coins.
Likewise pure silver coins of 10 gms can be issued in denomination of Rs 1000. System will be net revenue earning for Government because suggested plastic-packed coins will never come in actual circulation. All these coins should be made conveniently available in plenty at all offices of RBI and bank-branches throughout the country. These coins can also be issued to commemorate occasions. Once RBI starts issuing gold and silver coins, sale of gold and silver by private establishments in form of coins can be banned. However sale of metal may be allowed by banks and others in rectangular or square form.
(Guinness Record Holder & RTI Activist)
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