Your cover story package provides many worthwhile suggestions for the NDA govt
Your cover story package, starting with Rough and Tumble (June 22), provides many worthwhile suggestions for the NDA government. For the sake of the nation, the government must take harsh decisions - and eschew appeasing anyone on the basis of caste, religion and community. First, price rise needs to be checked. An effort to control black money - perhaps through a fresh Voluntary Disclosure of Income Scheme (VDIS) - should be made. The new government should update many rules and regulations to create jobs, eliminate corruption and promote economic growth (as noted in your report, Stifling Acts). However, the Modi government should not pass important bills without debate in Parliament. The decades-old Acts, rules and regulations should be amended from time to time. In fact, there should be a time frame, say a maximum of 10 years, for an Act, after which it should be amended.
Mahesh Kumar, New Delhi
Tax Reforms
Business Today has well presented an agenda for tax reforms (Lighten the Load, June 22). The new government must initiate urgent tax reforms to encourage companies and revive investor confidence. Complicated and unrealistic procedures have to be scrapped for smoother compliance. The need of the hour is to follow the example of China and Japan and remove vexed taxation rules and other economic hurdles. Appeals, counter appeals and the impractical system of TDS (tax deduction at source) have to be checked. The BJP has an opportunity to initiate best taxation policies. This will help the party reap rich rewards in general elections in 2019.
Akhilesh Kumar Sah, Faizabad
Exuding Fragrance
Perfumes and flavours (Romancing the Senses, June 22), and that too in a business magazine? From Davidoff Cool Water to Christian Dior to Fahrenheit, the fragrances sector has seen growing consumer demand. You have rightly pointed out that since very few consumers are willing to give up their favourite flavours, many companies have added franchise ice cream outlets with more storage space so as to stock and sell more flavours than the regular ice cream shops. Though an unusual feature, its fragrance, I hope, will attract many readers. Keep it up!
Namita Mahapatra, New Delhi
