Sunday, April 12, 2015
As we all know, the temples in India have tonnes of gold and other
ornaments donated by the Indians and currently it is just sitting in
their vaults and/or basements. By hoarding these assets, temples are
not making use of these valuables. I think it is a very good idea to
deposit these valuables with the Indian government and open their
accounts with the central bank equivalent to the market value of these
assets. These accounts will generate a periodical interest, and with
that cash, the trustees of a respective temple can decide how to best
manage the temple by creating more modern facilities for the devotees
and refurbishing the temples. Also, this additional gold and ornaments
in the exchequer will help the Indian government to bargain with the
foreign governments from the position of economic strength and keep
these valuables in a safe custody. It is a win-win situation.
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