Even though the attention of Reserve Bank of India ( RBI) is being drawn towards menace of misuse of ' benami' drafts as carriers of black money for last several decades, it has taken a step at last to ensure some corrective measures in this regard. RBI has now decided to reduce validity of cheques and drafts to just three months with effect from 1st April 2012, and banned cash payment of drafts exceeding rupees 20000. But this is not enough. Instead of taking steps in parts, a comprehensive strategy comprising all the measures together need to be taken in a bid to end regime of parallel flow of black economy.
Madhu Agrawal, Delhi (FPJ)
No comments:
Post a Comment