Higher taxes on super rich 'politically' correct move: Azim Premji

PTI : Davos, Wed Jan 23 2013, 22:05 hrs

Ads by Google

Top Stories

The US legislation proposes to hike tax rates on individual earning more than USD 400,000 per year, and on couple earning more than USD 450,000.

Speaking to another television channel, Premji said it should be left to the Reserve Bank to decide on who should enter the banking space.

"There can be a non-corporate who can get into banking. But it is not clear who will be issued the new bank licenses," he said when asked whether the corporates should be allowed to set up banks.

RBI is in the process of finalising the guidelines for issuing new bank licences.

Page : 1 2 Single Page Format

Ads by Google

ALSO READ

Coal India Ltd today reported a jump in standalone net profit at Rs 2,320.61 cr. Reuters

Coal India net profit in quarter soars 90% on dividend income

Tipplers will have to shell out more to buy liquor in the capital now. Reuters

Liquor rates hiked by Delhi govt as much as 11%

The all cash deal is expected to help Yahoo! increase the number of visitors to more than a billion in a month. Reuters

Yahoo! says will acquire Tumblr for $1.1 bn, eyes billion visitors mark

Sreesanth and other players caught in scandal are giving advertisers many anxious moments. AP

Sreesanth spot-fixing scandal not to impact IPL brand: Advertisers

Please read our terms of use before posting comments

TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).