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Akhilesh links rising gold, silver prices to BJP’s ‘new economic concept...

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo Lucknow, Jan 20: Samajwadi Party chief Akhilesh Yadav on Tuesday claimed that the sharp rise in gold and silver prices was due to the “corrupt BJP’s new economic concept” of converting ill-gotten gains in the form of cash into precious metals. In a post in Hindi on X, the former Uttar Pradesh chief minister said, unlike normal economic principles, rising prices of these metals were leading to higher demand rather than curbing it, and termed it “solidification of corruption” under the BJP rule. “The corrupt BJP’s new economic concept.

Akhilesh links rising gold, silver prices to BJP’s ‘new economic concept...

Credit: Dailyexcelsior

Key Highlights

  • Solidification of corruption = Converting money earned through corrupt means, in the form of liquid cash, into precious metals.
  • The solidification of corruption is a new economic concept under BJP rule, where a rise in price does not decrease demand, but rather increases it.
  • This increased demand then leads to a further increase in price,” Yadav said.
  • The SP chief alleged that the surge in the prices of precious metals had serious social consequences, leading to a rise in incidents of theft, burglary, robbery, and snatching in homes, neighbourhoods, shops and markets, and requiring additional security forces.
  • “This puts further pressure on the already weak police system under BJP rule, resulting in extremely ineffective policing and making criminal elements even more active,” Yadav said.
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Sources

  1. Akhilesh links rising gold, silver prices to BJP’s ‘new economic concept...

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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