Ronald Stoeferle, managing partner at Incrementum, predicts a bright future for both gold and Bitcoin, arguing that gold is entering a new phase driven by emerging market demand and central bank purchases. He also proposes a new portfolio allocation strategy that incorporates both gold and Bitcoin, highlighting their potential as safe haven assets amid rising inflation and economic uncertainty.
Prime Minister Narendra Modi led the first cabinet meeting of his third term on Monday, assigning portfolios to 71 ministers and issuing directives to guide their conduct. Emphasizing discipline and efficiency, PM Modi cautioned against making unnecessary statements and instructed ministers to punctually attend the ministry to motivate staff. He also encouraged involving Ministers of State in decision-making. The cabinet approved the construction of 3 crore additional rural and urban houses under the Pradhan Mantri Awas Yojana, demonstrating the government’s commitment to addressing housing needs and inclusive growth.
Prime Minister Narendra Modi’s newly formed cabinet held its first meeting on Monday following the swearing-in ceremony on Sunday. The council of 71 ministers includes several familiar faces from Modi’s previous cabinets as well as new additions. The allocation of portfolios is yet to be announced, but key ministers such as Amit Shah, Rajnath Singh, Nirmala Sitharaman, and S Jaishankar are expected to retain their current roles. The first cabinet meeting focused on discussing the upcoming agenda and setting priorities for the new government. The cabinet also includes seven women, with two holding cabinet positions. The representation of allies in the government remains significant, with 11 posts going to coalition partners in exchange for their support. Notable omissions from the cabinet include Anurag Thakur and Smriti Irani. The swearing-in ceremony was attended by several dignitaries, including President Droupadi Murmu, who administered the oaths of office and secrecy. Prime Minister Modi emphasized the importance of stability and resolution in his first address to officials at the Prime Minister’s Office.
