The following booklet titled “Re-Thinking On Gold Control” was published on September 11, 1965, and was authored by B.S. Mahajan. The booklet is an analysis of the Gold Control Rules implemented by the Government in 1963. The reform aimed to put an end to gold smuggling by reducing its domestic demand. By highlighting the significance of gold as a saving instrument in India, the author describes how this measure is counterproductive. He then suggests remedies to deter gold smuggling in India and argues that prohibitory reforms such as the “Gold Control Rules” tempt people to become dishonest. First, it is imperative to understand the fundamental problems of smuggling and inflation before implementing such hostile measures, which will never cure economic maladies.