Financial Daily from THE HINDU group of publications
Tuesday, Jan 17, 2006
Financial Daily from THE HINDU group of publications Tuesday, Jan 17, 2006 |
|
|
|
|
|
|
|
Opinion
-
Letters Budget suggestions
The forthcoming Union Budget should incorporate full package of measures to effectively check flow of unaccounted currency. All sale-purchases exceeding, say, Rs 20,000, even though payment may be made in parts, must be through banks. In case of cash payments, currency tax at 30 per cent may be imposed. All expenses exceeding Rs 1,000 must be allowed when made through cheques/drafts. Payment of essential services such as water, telephone, electricity and municipal taxes for bills exceeding Rs 1,000 must be by cheques/drafts only. Drafts/pay-orders/travellers-cheques must carry names and address/account-numbers of purchasers with reduced validity period of, say, 45 days to check their misuse as `benami' drafts for carriers of black money. The Union Government should do away with British legacy of the present financial year of April-March to make the calendar year (January-December) as the new financial year, in tune with most global countries. Subhash C. Agrawal New Delhi Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
More Stories on : Letters
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|