Financial Daily from THE HINDU group of publications
Friday, Mar 17, 2006
Financial Daily from THE HINDU group of publications Friday, Mar 17, 2006 |
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Opinion
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Letters Finance Bill
The Finance Bill will be creating a history of sorts, as, in recent times, never has the gap between its introduction and passage been this short. It rather regretful, as the taxation and spending measures proposed in the Bill, which will affect the citizens, will become law too soon without being adequately debated. Many of the proposals will have far reaching implications (some with retrospective effect) and industry and Government will require time to understand, adjust and install the necessary systems, pricing policies, etc. It is well known that the quality of participation and clarity in law-making greatly influences compliance. It also reduces the need for corrective legislative action, thus saving enormous social and economic costs. It is equally sad that the effects of rushing through important provisions of the Finance Bill have not been highlighted by the intelligentsia. R. Sekhar Chennai
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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