I fully agree with Deba Pratim Ghatak’s letter, “Riding on glamour” (September 20). I will examine some of the statements made by former Reserve Bank of India governor Raghuram Rajan and what he writes in his book, I Do What I Do.
Rajan said there were better ways than demonetisation to achieve the objective of removing black money. But he does not state any, except tackling over-invoicing by companies in a general way without mentioning import or export.
Consider invoicing of import: Nearly 50 per cent of import is of oil and by government undertakings. For the rest,
Rajan said there were better ways than demonetisation to achieve the objective of removing black money. But he does not state any, except tackling over-invoicing by companies in a general way without mentioning import or export.
Consider invoicing of import: Nearly 50 per cent of import is of oil and by government undertakings. For the rest,
