Financial Daily from THE HINDU group of publications
Thursday, Apr 13, 2006
Financial Daily from THE HINDU group of publications Thursday, Apr 13, 2006 |
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Opinion
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Letters Check black-money
Prices of gold, silver and property have been rising abnormally for some time now as investmets are made in these assets. Unaccounted money in large-scale is flowing into these assets and must be checked. All sale-purchase exceeding, say, Rs 20,000 must be through banks. In case of cash payments, a currency tax at 30 per cent may be considered. All expenses exceeding Rs 1000 must be through cheques/drafts, including payments for essential services such as water, telephone, electricity and municipal taxes. Drafts/pay-orders/traveller-cheques must carry names and address/account-numbers of purchasers to curb their `benami' use. Subhash C. Agrawal Delhi
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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