Srinagar, March 3 -- The Congress on Monday claimed that the Sovereign Gold Bond Scheme launched with great fanfare by the Narendra Modi government has proven to be a "complete fiasco", much like demonetisation and the 'Make in India' initiative.
Congress general secretary in-charge communications Jairam Ramesh shared on X a media report which claimed that the government, having found that its bet on sovereign gold bonds (SGBs) had led to a staggering 930 per cent increase in its liabilities on this borrowing by 2023-24, has been scrambling to contain this burden by reducing import duties on gold and stopping the fresh issuance of such bonds.
"The Sovereign Gold Bond scheme launched with great fanfare by the Modi Government has proved to ...