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India forex reserve shrinks now to 275 $US Billion

AMCA if your government doesn't own it or control it then your argument is not worth anything, hence it will be no means of any help to India in this discussion.

Humans are inherently selfish, rarely would anyone give up control of their asset willingly. Its like saying every family in India should place their families gold with the RBI to save the country. Would you be the first to volunteer your assets?

Would you mind reading my arguments? I am not arguing for our entire wealth to be put across to something like this. All I am talking about is the redistribution of productive assets, lessen the gold consumption of the people of India. Thats it.
 

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