ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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From Bad to Worse

IN her childhood, Indira Gandhi used to command 'a monkey brigade1. In maturity, she appears to have got herself a donkey brigade. Or so it seems from the extraordinary tax-free, wealth- tax-free, gifts-tax-free and capital- gains-tax-free ten-year bonds scheme announced to launder black money into white. This half-baked scheme, lying in the Finance Ministry since the days of Sardar Patel, now has in- credibler mafia support among smugglers, contractors, commodity traders and the ruling party's treasurers. The blessings of 'the leader' are assured after such a consensus.

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