Financial Daily from THE HINDU group of publications
Monday, Mar 07, 2005
Financial Daily from THE HINDU group of publications Monday, Mar 07, 2005 |
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Opinion
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Letters A corrective measure
Union Finance Minister, Mr P. Chidambram, has made the right decision by introducing nominal tax on cash-withdrawals exceeding Rs 10,000. Cash payments should also carry a currency-tax of 30 per cent. Payments exceeding Rs 1000 must be made through banks. The validity of `benami' drafts must be reduced to 45 days. Use of credit cards must be discouraged by imposing special tax on purchases made through these cards. Subhash Chandra Agarwal New Delhi Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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