Friday, May 23, 2003
Friday, May 23, 2003 |
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Letters to the Editor
Sir, — Prem Shankar Jha's "How one thing leads to another" ( May 20 ) was timely. There is no gainsaying the fact that interest rates in developed economies ought to be "Southbound". However, for such an interest rate regime to function, there is need for an efficient revenue administration system. In a recent talk show, the former Central Vigilance Commissioner, N. Vittal, openly stated that 20 per cent of the Indian bureaucracy was "corrupt". Also, there ought to be a measure of pride on the part of the citizenry in paying taxes to the state. It ought to be seen as a bounden national duty. However, if only two per cent of people in a nation of 100 crores pay income tax, honesty evidently is at a premium. The opposition to the Kelkar Committee report, as also to the introduction of a VAT regime, underscore the tax evasion malaise.
H. Balakrishnan,
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