A Ques­tion Worth 6 Lakh

The Economic Times - - The Edit Page -

The gov­ern­ment wants to im­pose 100% penalty for re­ceiv­ing .₹ 3 lakh or more in cash, but it has not clar­i­fied whether the cut-off amount is for sin­gle trans­ac­tion or to­tal trans­ac­tions with a party in a day. Fur­ther, the gov­ern­ment should an­nounce who will de­tect such cash pay­ments. If the po­lice is em­pow­ered to en­sure the com­pli­ance, it may lead to more cor­rup­tion and ha­rass­ment of gullible busi­ness­men and traders. The gov­ern­ment should re­visit the pro­vi­sion lest its im­proper im­ple­men­ta­tion dis­turb the mis­sion of ‘ease of do­ing busi­ness’.

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