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RE:Inflation
by sirpi on Apr 11, 2008 09:16 PM
the government can increase the price of
petrol by 10 per cent across the board
and reduce the diesel cost by 20 per cent
simultaneously so that transport cost
comes down for essentials lowering the
prices. it is like tapping the rich and
patting the poor.
similarly a no-questions asked
amnesty should be announced for
the unaccounted monies to come to
the government coffers by introducing
bearer bonds which could be purchased
by anyone for cash/chq in denominations of
rs.10 lakhs , over the bank counters,
repayable after 3 years with a 30 percent
levy by way of advance taxes. this will mop
up more than 30000 crores as revenue
straightaway, given the level of black
money now in circulation. such levies could
be used to bring down excise duties on
items of mass consumption to arrest the
price rise, to make supplies
available in plenty.
disinvestment should be pursued with vigour
throwing the opposition of the left parties
flat, and proceeds of around 50000 crores
should be used to invest in
agricultural development by
substantial incentives to farmers.
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