TIOL-DDT 1523 · Thursday, 6 January 2011 · story 6 of 6

No Tax Worse Than Inflation - Chidambaram

Mr. PC is back with some economic news. Yesterday he was in a conclave with the top economists of the country and a concerned Chidambaram said, “If you have high income, that is eaten by inflation”, though he is not the minister concerned. He added that there was no tax worse than inflation and doubted whether we have all the tools in hands to control food inflation.