Full Coverage: What is the force behind RBI Governor Raghuram Rajan’s first monetary policy?

19 Sep 2013 / 0 Comments

3.45 am Just woke up after long work till 12 am. "The office is so messy as like Indian economy. Fortunate Subbarao who left this mess created by few stupid political economists," Raghuram Rajan found telling the sweeper who came to clean up the

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Published On:Monday, 12 August 2013
Posted by Diggy Chacha

India plans to tax on border incursion and ambushes, Bangladeshis are not included

UPA Government is planning to impose tax on its neighbor countries, specifically on Pakistan and China for violating ceasefire agreement, as border incursion and ambushes from both these countries are rising.

"We want to send a strong message to both these countries. They can't get away with what they are doing right now. If they want to do some kind of violence or enter in our borders, they will have to pay tax," said India's Finance Minister P Chidambaram in Parliament on Monday.

Chidambaram informed in the session that he had discussion with India's Defence Minister AK Antony over the strain on relations with both the countries if the new tax would be imposed.

"Our silence should not be treated as our impotence. We can charge tax on you if you enter in our border. The tax will be 10% more if you enter along with terrorists," said Chidambaram.

While a panel is going to discuss on the tax rates, Chidambaram told in the Parliament that the rates would not be lesser than 10%. He also said that currently poor countries like Bangladesh are waived off the tax and their citizens can continue to enter in India freely.

India Satire correspondents in Pakistan and China said that both the countries opposed Indian government's move and told that both the countries will raise the issue at an appropriate international forum.

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