Jewellers Protest Modi's Gold Purchase Deferment Appeal
Jewellers in Lucknow protested against Prime Minister Modi's plea to delay gold purchases for a year to save foreign exchange during the West Asia crisis. They argued this would harm their businesses and called for relief measures. Opposing parties criticized the call as government failure amid a global crisis.
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On Monday, jewellers in Lucknow gathered in protest against Prime Minister Narendra Modi's recent appeal to defer gold purchases for a year. Modi's plea aims to save foreign exchange as the West Asia crisis impacts national interests. However, jewellers argue that this measure threatens their livelihoods.
Manish Kumar Verma, UP unit head of the All India Jewellers and Goldsmith Association, stated that the prime minister's recommendations could lead to an economic crisis for bullion traders and related workers. Jewellers have demanded government intervention to support their trade.
Critics of Modi's austerity measure, including opposition leaders, have labeled it as evidence of governmental inefficacy, challenging the BJP's stance that the appeal prioritizes national welfare amid global challenges.
(With inputs from agencies.)
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