The Government of India has denied rumours claiming that it plans to monetise gold held by temples and religious institutions across the country.
A detailed issued by the Ministry of Finance, on 19 May, through the Press Information Bureau described such reports and social media speculation as ‘completely false’, misleading and without any basis.
Furthermore, the clarification comes amid widespread speculation online, suggesting that the government intended to issue ‘gold bonds’ to temples in exchange for their gold reserves. There are posts that have even claimed that gold used in temple structures, including towers, doors, and decorative plates, would be treated as part of India’s ‘Strategic Gold Reserves.’
The Finance Ministry has categorically rejected these claims, elaborating that no such proposal exists and citizens should refrain from believing such rumours.
PIB warns against the spread of misinformation
The Press Information Bureau (PIB) has urged citizens to refrain from believing or circulating unverified information, warning that can create unnecessary panic and confusion among the public.
The government emphasised that any official policy decision or will be announced only through authorised government platforms and channels. Such announcements will also include press releases and full details on verified websites.
The press release also noted that a false narrative can create unnecessary confusion and mislead the public. These statements serve both as a clarification and a caution against the growing spread of misinformation through social media platforms and informal messaging groups.
Importance of verifying official information
This particular episode highlights the increasing need for digital awareness, understanding of the role technology plays in information sharing and the significance of effective fact-checking in an era where misinformation and misleading claims can spread rapidly online.
The government has also reiterated its commitment to transparency and responsible communication, stressing that no initiative concerning temple holdings has been approved, considered or proposed at any level.
Steps to avoid misinformation about Government investment schemes
- You should only trust official government websites, portals, gazette notifications, and verified department websites for information.
- Do not trust any trending government investment scheme on social media that appears lucrative. Such posts, offers, and messages can result in financial losses.
- Cross-check scheme details, terms and conditions across multiple government websites or official institutional sources before trusting.
- Ensure the information is accurate, up to date, and aligned with the latest .
- If you have doubts, use the official helpline numbers for clarity, or visit local government offices to discuss and validate any unclear details.
- Make sure you do not circulate rumours. Avoid social media forwards, clickbait articles, and unofficial websites.
- If you find any rumour circulating, report it to the concerned authorities so that it can be prevented from spreading.
Following the above steps and heeding the advice in the press release can help you navigate any form of misinformation or rumours.