Writing in Hindustan Times ( 05 , Aug 2013 ) , Dhirendra Kumar makes some very interesting observations as follows :
> In March , the Pakistan Government promulgated an ordinance under which , investors who buy stocks from April 1 ,2013 to March 31, 2014 will not have to declare the source of the funds , provided they hold the stock for more than 120 days.
> On an average , stocks on Karachi Stock Exchange gained more than 30 % over the last 3 months
No doubt , this step has helped divert black money into productive investments in the economy
But , why restrict this very innovative measure to only stocks ?
Over the years , I have recommended similar " No Questions Asked " type of incentives for funnelling black money into ,
> Building Educational Institutions
> Building Infrastructure Projects
> Health and Sanitation Projects
> Eco-friendly Green Energy Projects
If done properly , such incentives will bring out , at least , Rs 50 lakh Crores and change the face of this country , without any need for direct or indirect foreign investment
> In March , the Pakistan Government promulgated an ordinance under which , investors who buy stocks from April 1 ,2013 to March 31, 2014 will not have to declare the source of the funds , provided they hold the stock for more than 120 days.
> On an average , stocks on Karachi Stock Exchange gained more than 30 % over the last 3 months
No doubt , this step has helped divert black money into productive investments in the economy
But , why restrict this very innovative measure to only stocks ?
Over the years , I have recommended similar " No Questions Asked " type of incentives for funnelling black money into ,
> Building Educational Institutions
> Building Infrastructure Projects
> Health and Sanitation Projects
> Eco-friendly Green Energy Projects
If done properly , such incentives will bring out , at least , Rs 50 lakh Crores and change the face of this country , without any need for direct or indirect foreign investment
good suggestion but it will increase more creation of black money
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