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Transparent tax system must: Raghuram Rajan

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Mumbai: In order to attract higher investments, the Indian taxation system should be more transparent, Reserve Bank of India (RBI) governor Raghuram Rajan said on Monday.

Speaking at a seminar here, Rajan stressed that the Indian tax system should be transparent and predictable to attract foreign investments.

According to him, to make products in India, a framework has to be created making it easy to do business in the country.

He also said the supply side issues have to be addressed so that prices were under control and the demand side was taken care of.

Stating that nine percent growth in economy was an aspiration, Rajan said the supply side constraints had to be removed while ruling out growth sans inflation.

He said the human capital in the country needed to be upgraded so that businesses get the kind of people it requires.

Rajan also called for greater coordination between leading central banks so that the monetary policies can be used in a more effective manner.

(IANS)

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WhatsApp Makes Changes in India After Deadly Attacks

The firm said it will also remove the quick forward button placed next to media messages

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India is WhatsApp's largest market. Pixabay

WhatsApp has announced changes for its 200 million users in India following the spread of viral messages via the app that resulted in deadly mob attacks.

India’s government has threatened to take WhatsApp to court, saying “…the medium used for such propagation cannot evade responsibility and accountability.” The information technology ministry said, “If they remain mute spectators they are liable to be treated as abettors and thereafter face consequent legal action.”

Satish Bhaykre, 21, who was beaten by a mob due to a fake WhatsApp text, poses inside his house on the outskirts of Nagpur, India, June 23, 2018.
Satish Bhaykre, 21, who was beaten by a mob due to a fake WhatsApp text, poses inside his house on the outskirts of Nagpur, India, June 23, 2018. (VOA)

The Facebook-owned messaging app said it will limit Indian users’ ability to forward messages, allowing only five contacts at a time to receive them.

The firm said it will also remove the quick forward button placed next to media messages.

Also Read: Government Pressure: Whatsapp to Limit Message Forwarding In INDIA

Both moves are designed to make stop the mass forwards that have resulted in the mob attacks.

India is WhatsApp’s largest market. (VOA)

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