In public interest | Business Line

In public interest | Business Line

Hindu Business Line, September 27, 2013

Letters
In public interest

This refers to the report “Reserve Bank bans 0% interest schemes”(September 26). This is a welcome move which was long overdue. Deregulation and liberalisation in India has been variously misunderstood as freedom to do whatever you want, so long as you are able to remain within the contours of established law, or, if you are willing to pay penalties when caught.
RBI’s present guidance should be taken as indicative of the regulator’s concern to protect public interest. Government(at Centre and states) and corporates should review the tax and pricing policy to bring transparency and simplicity. The review should cover tax exemptions, subsidies and various ‘offers’ including discounts and prizes.

M G WARRIER, Mumbai 

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