This refers to the editorial ‘Cleaning up’. The Mauritius route and P-notes have always been blamed for their opaque nature, because of which money could be easily round-tripped into India for all sorts of purposes, from avoiding taxes to operating individual stocks and money laundering. We also need the data on the investments made by foreign pension funds, mutual funds, university endowments, hedge funds, and corporate bodies to be made public by SEBI on a regular basis so that the Indian investors know the nature, and more importantly the holding period, of these foreign flows.

CR Arun

Email

Make it clear

The introduction of GAAR from April 2017 has larger connotations to our economy than we may care to admit. By its very nature, GAAR has the potential to lead to significant uncertainty and litigation. So, the clearer the provisions therein, greater would be the inflow of FDI.

R Narayanan

Ghaziabad

Retrograde move

The recommendation of the Committee on Taxation of E-Commerce that digital services must be imposed a levy of 6 per cent to 8 per cent is most retrograde. IT, digitisation and online transactions etc., are meant to cut costs of doing business. The efficiencies due to digital delivery of services and digitisation should go to citizens. A progressive government should not accept these recommendations.

TH Chowdary

Email

Cricketing genius

Virat Kohli’s batting against Australia in the ICC World T20 was a visual treat. The ‘glorious game of uncertainties’ has covered him in glory. Kohli certainly proves himself to be a worthy successor of his idol, Sachin Tendulkar.

While he deserves all the praise heaped on him, it is unnecessary, in a sudden rush of excitement, to rate him as a greater player than Don Bradman, Vivian Richards, Sachin Tendulkar, Brian Lara and Ricky Ponting. We can be content with saying that the new Indian star is all set to become one of the all-time great cricket players.

G David Milton

Kanyakumari

Writing on the wall

The imposition of President’s Rule on Uttarakhand, a day before the Harish Rawat government was to face a test of strength in the Assembly is not surprising.

The writing was on the wall after chief minister Rawat came under a cloud for allegedly indulging in horse-trading by offering allurements to win over the rebels. Rawat had also put himself in a corner by seeking to change the composition of the House by getting the Speaker to invoke the anti-defection law to disqualify the rebels.

The move has obviously raised the hackles with many in the Opposition questioning the government’s motive, but was the Congress justified when it forced President’s rule on unsuspecting BJP ruled States when it was at the helm?

NJ Ravi Chander

Bengaluru

Nip them in the bud

The suicide bombings at an Easter gathering in Lahore are a further indicator that fundamentalists pose a serious threat to human existence. It is high time nations adopted a strategy to nip the devil at its roots, otherwise given the way these groups work, one really fears what would happen if they possess weapons of mass destruction.

Vikram Sundaramurthy

Chennai

Healthy banking

This is with reference to the analysis “How healthy is your Bank” (March 28). The article provides interesting insights into the health of banks. The information is quite useful, even for stock market investors, besides normal depositors.

Retail investors can keep themselves away from the banks with highly stressed assets, capital shortage and liquidity coverage ratio. Though the purpose of the article is different, the information can be leveraged for retail investors interested in equity.

RS Raghavan

Bengaluru

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