Indian Prime Minister Narendra Modi and his government have been pushing for the introduction of foreign exchange settlement in India, with a view to reducing tax evasion by the poor.
However, the move has been met with a slew of objections, which includes the possibility that the tax on foreign exchange would become a source of financial hardship for poor Indians.
This article first appeared on The Hindu and is republished here under a Creative Commons licence.
Read more stories from India.
First Published: Aug 28, 2018 09:16:22