Financial Daily from THE HINDU group of publications
Tuesday, Jun 01, 2004
Financial Daily from THE HINDU group of publications Tuesday, Jun 01, 2004 |
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Opinion
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Letters Common minimum programme
The Common Minimum Programme (CMP) is a welcome change. Highlights of the CMP such as ban on VRS (which essentially is CRS-compulsory retirement scheme), bar on privatisation of profit-making PSUs, prevention of further deposit rate cut and introduction of some sort of a social security scheme for the needy are highly laudable. In the name of disinvestment, healthy PSUs were handed over on a platter to private industrialists. The poor, the retired and even war widows are forced to file tax returns on income which they do not really have. The TDS is imposed on hard-earned household savings. The simple aim of taxation should be to tax the rich and subsidise the poor. The stock market, as per Mr Arun Shourie's own admission, has become a casino of a few powerful brokers. Most of the Indians are simple and they want just the basic necessities of life. Farmers want electricity and water for irrigation. Aparna Vaidyanathan
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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