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This is betrayal ! Must watch
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This amounts to cheating by a Govt with its own citizens and also a malpractice whereby govt is misusing its power to scam money out of those who believed in it in all those years..

Never invest money where govt has main control 🛂🎛️

The bigger scam is STT. It was introduced because there was no LT capital gains tax. 10 years down the line we have STT, LTCG and that too without indexation 🤣

For crying soul

Most useless and free people are supporters of AAP. 1- When the SGBs scheme was started in 2015, the customs duty was 10 %. It was increased to 15 % in 2022. With these increases resulting in a total increase of 5% (from 10 % to 15 %), the price of gold went up, the investors gained a lot. Did any of you thank govt for this? No, you didn't. You gave credit to market and now today you are crying foul. 2- The oldest SGBs issuance (2016-2017 Series I) issued on August 5, 2016 was at the price of Rs 3119 per gram of gold. The current price is around Rs 7000 per gram. Those Bonds will be due for redemption on August 5, 2024, i.e., in the next few days. For those SGBs, the returns to the investors are about 12 per cent per annum, net of income tax. Such returns are better than the returns from most other asset classes with similar risk profiles. So don't cry foul and please don't spread Misinformation.

The opportunity to criticize the government, in this case, the Modi government, for the rising prices, even if the primary reasons for the price changes are beyond direct governmental control.

That’s half baked information… when was the duty hiked do you remember… it’s not only SGB for which the duty is reduced… here’s my post on SGB duty cut, you must read this and avoid false narrative just to get public attention ..

@arvindnice sarkar h yaa chhinal

