Tags:
Journalism of Courage
8226;Apropos Abdul Karim Telgi and the stamp of doom, The Sunday Express, November 16, the article notes that 8216;8216;The counterfeit stamp and stamp paper scam is threatening to become the biggest and most damaging business scam ever in India.8217;8217; In fact, high stamp duty also results in creation of black money as people in order to avoid stamp duty or to pay lesser amount of stamp duty do not disclose true value of transactions which require stamp duty to be paid. Even millions of family disputes are not settled especially involving immoveable properties of families as they call for heavy stamp duty. Even genuine transactions between blood relations 8212; if they are to be settled by reversing some earlier settlement 8212; too require payment of heavy stamp duty as these are treated as sale when in fact there is no sale and such family disputes remains unsolved. Such provisions are absurd and must be rectified by suitable amendments in the Stamp Duty Act in which all family transaction of transfers/settlement/sales if any should be exempt from the provisions of Stamp Duty Act. In fact, Stamp Duty should be totally abolished.
Mahesh Kapasi
Subhash Chandra Agrawal
8226;I agree with Tavleen Singh8217;s views on foreign goods in India What US steel tells Indian state, The Sunday Express, November 16 being good for healthy competition and exposure for Indians. Sub-standard, outdated, expensive imported goods or cheap undependable Chinese imports are lapped up by the Indian public, in the name of an open economy. The after-sales service of most of the imported consumer products are either suspect, expensive and tedious. India has the potential to manufacture and maintain an indigineous consumer productivity, without the assistance of other countries. After all, for them, India is just another international dumpyard, commercially viable for their consumer rejected goods.
Jayati
8226; Tavleen Singh makes a valid point in that more attention should be paid to economics. Even educated Indians repeat arguments like those of Praveen Togadia without realising where it is leading India to. Is politics the sum and substance of life? I wish somebody would also write a well-informed article on fiscal deficit ballooning along with scam amounts! Was Rajeev Gandhi responsible for accelerating it? But would we have got IT benefits without his bold step, a risky gamble at that time?
Srinivasan
