Wednesday, July 22, 2009

Arthakranti – a movement to make India prosperous « A wide angle view of India

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      • Whether you call it an idea or a movement, Arthakranti aims to solve India’s problems. Their plans may or may not be workable, and they are still only plans which cannot be implemented unless the government gets involved. Even then the idea is worth thinking about.

        Two of Arthakranti’s proposals:

        • Abolition of taxes except for Customs and Import duties. The government makes money via a bank transaction tax on receipts. The bank will get its percentage too.
        • Currency compression by ensuring that the highest currency denomination is Rs. 50/-