Friday, May 10, 2024
Blog/Opinion

Sale of stamp paper

Stamp-papers should be sold through all bank-branches (nationalised or private) and post-offices by giving them sale-commission thereby abolishing private vendors who often indulge in irregularities like back-dated sale. Counters in courts and selected offices of government and civic bodies can also undertake such sale. System will automatically take care of cases like infamous Telgi tamp-paper scam.

Also Public Provident Fund accounts should be available at least in all public-sector banks for deposits and withdrawals made from/to these PPF accounts from normal bank-accounts of investors. Commission-system on PPF investments then can be abolished resulting in saving for exchequer.

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