With gold and other jewels tumbling out of the vaults of the Padmanabhaswamy temple in Trivandrum—figures upto and beyond Rs 100,000 crore are being mentioned, more than twice Rs42,000 crore of Tirupati—newspapers are busy calculating the true value of the haul (at current gold prices) and what can be done with the windfall.
The Times of India reports that one lakh crore rupees is almost equal to Wipro’s market capitalisation of Rs 1.04 lakh crore, nearly one-third of Reliance Industries, and the more than twice Posco’s proposed investment of $12billion in India.
ToI says the gold will…
# Almost meet the cost of rolling out food security Act (around Rs 70,000 crore) and NREGA spend (Rs 40,000 crore)
# Meet central government’s education budget for two-and-a-half years
# Help meet government’s interest liability for over four months and seven months’ defence spending
Mail Today reports that Rs 100,000 crore can be used to…
# Build 290 super-speciality hospitals
# Lay 14,000 kilometres of national highways
# Buy 255 multi-combat aircraft such as the Eurofighter
# Build 1,000 sports arenas like the Jawaharlal Nehru stadium
The Supreme Court will, of course, decide who the money belongs to: the temple, the temple board, the State government or the Centre. But what do you think should be done with the gold?