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August 17, 2026
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Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
August 17, 2026
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Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
August 17, 2026
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SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
August 17, 2026
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FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
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August 16, 2026
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Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
August 16, 2026
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Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
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August 16, 2026
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Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
August 16, 2026
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LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
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August 16, 2026
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Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
August 15, 2026
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Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
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August 15, 2026
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Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
August 15, 2026
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Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
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August 15, 2026
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Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
August 15, 2026
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Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
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August 15, 2026
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Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
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August 15, 2026
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Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
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August 14, 2026
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Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
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August 14, 2026
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Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
August 14, 2026
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Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
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August 14, 2026
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Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.

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Customs, DGFT & SEZ

Currency Management in India: Issues and Challenges (Keynote address by Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India at the Banknote Conference 2014, Washington on April 8, 2014)

April 23, 2014

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Mr. Tom Ferguson, Chairman, Banknote Conference 2014; Mr. Tim Vigotsky, Director, Banknote Conference 2014, my fellow speakers - Mr. Barna Barabas, DMD, Jura Security Printing Alliance; Dr. Wolfram Seidemann, Managing Director, Louisenthal; other delegates; ladies & gentlemen. At the outset, I thank the organizers of Banknote Conference 2014 for inviting me to speak at this august gathering. From the contents of the Conference Schedule and from the feedback that I have received from my colleagues in the Reserve Bank of India, who have participated in this Conference over the years, I gather that the Conference seeks to serve certain useful purposes, notably, providing a platform for a free and frank exchange of views, showcasing the latest developments in the rapidly changing field of currency management, bringing together the service providers and the service seekers from across the world under one roof and generally helping the participants to chalk out their future strategies and plans of action.

2. Because of the sheer size of our population and the quantum of banknotes that we are required to put into circulation every year, India has emerged as one of the biggest consumers of the ingredients that go into production of banknotes in the world. In keeping with the magnitude of the banknotes that are put into circulation, the corresponding need to import other machinery for processing, detection and destruction of the bank notes is also humongous. Thus, India is a very significant market for the suppliers of all ingredients and equipments, which form the entire ecosystem of the banknote production and destruction process. As in-charge of the currency management function in the country, we at the Reserve Bank of India, the Central Bank of the country, have experienced severe constraints, some of which can be traced, directly or indirectly to the operations of the global suppliers and vendors in the banknote industry. I intend to use the presence of these global suppliers and vendors and the opportunity to speak at this platform today to highlight some of these concerns, which I feel must be bothering other Central Banks which rely on imports for their currency management, especially in the emerging markets. I would be extremely happy if the suppliers /vendors could reflect on our concerns and develop some practical solutions to our problems. However, before I get into the specific issues, let me begin with a brief perspective on various dimensions of the Indian currency system and the issues and challenges that we face in our currency management efforts. I would also like to share some of the recent steps we have taken in this area with a view to seeking your views and feedback for improvements.

Introduction

3. Currency management has a great degree of significance for Central Banks the world over as it is one of the most visible functions which touches the lives of every individual. Since people often tend to judge the efficacy of the central bank from the ease of continuous access and quality of notes in their possession, currency management function entails a certain degree of reputational risk for the central bank. As is the case in most jurisdictions, issue of banknotes and management of currency is one of the core functions of the Reserve Bank of India. It is enshrined in the preamble to the RBI Act, 1934 as “…to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage.”

4. The mandate of any central bank is to protect the integrity of banknotes through new design and security features, estimate the demand for banknotes and coins, plan the supply and distribution of adequate quantity of banknotes and coins and ensure quality of banknotes in circulation by timely withdrawal of soiled banknotes. It is equally important to maintain confidence in currency through improvement in systems / procedures and by raising public awareness by enlisting support from all associated with the design, production and supply of banknotes.

Some Numbers

5. There has been a steady increase in the demand for banknotes and coins over the years, despite the increased use of technology-driven non-cash modes of payments/e-currency/virtual currency-bit coins, etc. Even internationally, notes in circulation have been increasing despite the use of non-cash modes of payment. However, the large numbers in India present a unique situation as compared to other countries. A comparative picture of the Notes in Circulation (NIC) in India as compared to some major countries is indicated in the table given below:

Year 2012/13

India

US

UK

Euro zone

Australia

Canada

No. of Pieces (in billion)

76.47

34.5

2.99

15.8n

1.15

2.00

Value in home currency terms

12468 billion

1198 billion

58 billion

933.7 billion

53.6 million

63.7 million

 

6. Globally, the cash in circulation to GDP ratio has ranged from 2.5% to 8% whereas in India it has been around 13% due to the predominant usage of cash by a majority of the population. The world-wide growth rates of cash in circulation has varied between 6% and 13%, with Central & South America figuring at the top end followed by Africa (12%), Middle East (11%), Europe (10%), Asia (7%) and finally UK and Ireland at 6%. In the year 2013, 154 billion banknotes were issued globally, of which the maximum banknotes, 54 billion, were issued by China and almost 20 billion banknotes by India. The global projections for the next three years have been worked out at 160 billion, 166 billion and 173 billion banknotes, respectively. These numbers are simply astounding. While it presents a massive opportunity for the vendors associated with the production of banknotes, I believe it simultaneously enjoins upon them certain responsibilities. For instance, the vendors need to be conscious of the impact of their activities on the environment. I will touch upon some of these issues later in my address. At this stage, I would like to mention that there needs to be more investment in research and development efforts by the vendors to ensure that the longevity of the banknotes improves and eventually, the cost of printing of banknotes for the society as a whole comes down. Vendors need to develop such banknote paper that can resist dirt and moisture, thereby increasing the life and quality of the banknotes in circulation. But while the focus needs to be on bringing down the cost of printing banknotes, it cannot be done by compromising on security. In fact, effort has to be on making the banknotes more secure with lesser, but stronger security features.

Currency Management in India- Major Challenges

7. Let me now share with you some of the challenges that we encounter in currency management and currency distribution in India. In a country like India having an area of approximately 3.3 mn sq. km. and a population of more than 1.2 billion, reaching the currency to the end users in far flung areas dotted with difficult terrains, poses an enormous challenge. As on December 31, 2013, there is a network of 110,520 commercial bank branches and 137,080 ATMs. The notes in circulation as on the same date was approximately 76.47 billion pieces valued at Rs. 12, 468 billon while the coins in circulation were around 89.91 billion pieces valued at Rs. 168 billion. As the demand for notes and coins is subject to diverse socio-economic, behavioural and other often unpredictable factors, the task of forecasting demand for currency is a challenging task and can be subject to large variations. At present, the system poses considerable difficulties in capturing the structural and cyclical demands for currency and projecting demand with precision. I would, therefore, also take this opportunity to extend an invitation to the delegates present here to come forward and see if they can work with us for making accurate projections for the demand of banknotes and coins.

8. The other challenges in currency management relates to ensuring durability of banknotes, ensuring adequate supply of all denominations, improving operational efficiency in distribution of notes by controlling cost of handling, distribution and security in transit /storage, providing last mile connectivity at reasonable cost, ensuring equity in distribution and repositioning RBI as an upstream facilitator in the fresh note/coin supply chain, rather than as a retailer with limited reach. Let me highlight the challenge associated with durability of the banknotes in India by giving some figures. We in India, withdraw more number of banknotes from circulation than the number of banknotes collectively produced by all countries taken together with the exception of China. In fact, we are constrained to withdraw over 75% of all notes that we circulate every year as may be seen from the table below:

Supply of Banknotes by RBI
to Currency Chests and disposal of Soiled notes

Denomination

Volume(Million Pieces)

2010-11

2011-12

2012-13

Supply

Disposal

Supply

Disposal

Supply

Disposal

1

2

3

4

5

6

7

Rs.1000

706

179

371

375

1536

450

Rs.500

4347

1864

5560

1994

2725

2263

Rs.100

4085

5227

1091

5577

6348

5627

Rs.50

1114

2095

1522

1578

1257

1357

Rs.20

1296

664

4237

562

904

609

Rs.10

5580

3657

3379

3584

5991

3752

up to Rs.5

549

166

1440

101

105

72

Total

17677

13852

17600

13771

18866

14130

 

 

(78%)

 

(78%)

 

(75%)

 

9. Such massive withdrawal of banknotes from circulation not only means additional cost for printing of fresh notes but also additional requirement of various resources used in production of banknotes. In this context, it becomes imperative that efforts are made to enhance the durability of the banknotes so that not only the wastages are reduced, but also resources are utilized in a sustainable manner, thereby ensuring that the environmental footprint of our currency management operations is minimized.

10. Mechanization of soiled note processing while augmenting capacity has also thrown up new challenges like ensuring standardization of machine parameters, slow progress in improvement in processing capacity by commercial banks and security risks on account of manual intervention. Another challenge with the likely potential to evolve into a reputational risk for RBI is the shortage/ ‘perceived’ shortage of coins and the lack of understanding on the exact role of the central bank in its distribution. It needs to be understood that while the responsibility for issue of coins is that of the Government of India (GoI), RBI’s role is restricted to putting into circulation the coins received by it. Then, there are issues arising out of similar shapes and sizes of coins of different denominations. Last, but not the least, is the growing menace of forged notes in circulation and creating public awareness about various aspects of banknotes.

Recent Measures in India

a) Constitution of High Level Committee

11. To address the significant challenges faced by us in India and other related issues, a High Level Committee was recently constituted by GoI (Chairman: Dr. K. C. Chakrabarty) having members representing GoI, RBI, Note Presses & Mints. The Committee reviewed the forecasting methodology and studied the international best practices in cash distribution by other Central Banks. It made wide-ranging recommendations, notably, (i) RBI to focus exclusively on management and planning of currency system while passing on the responsibility for distribution of banknotes and coins entirely to commercial banks, (ii) need to introduce private entrepreneurs for distribution of banknotes and coins on behalf of banks, if last mile connectivity for distribution has to be achieved, (iii) identification of a bank willing to assume leadership of currency management function in the district, etc. All these recommendations have been accepted and are at various stages of implementation.

b) Distribution Mechanism

12. The functions relating to issuance of currency (both banknotes and coins) and their management is performed by the Reserve Bank through its 19 issue offices and a network of 4,209 Currency Chests and 3,966 Small Coin Depots spread across the country. Despite the large number of currency chests (extended arms of RBI’s Issue Department), the primary responsibility for reaching currency to the banks rests with RBI because of the currency management structure. Every year, based on the Bank’s indent for banknotes and coins, the Printing Presses and Mints dispatch notes and coins to the RBI offices. From the RBI offices, the notes and coins are remitted to currency chests operated by commercial banks. The central bank arranges for transport and police escort for transfer of treasure and bears all the expenditure related to it unlike other countries where the commercial banks are responsible for transport of cash. Thus, distribution of cash in India is the primary responsibility of the central bank. The treasure held in the currency chests is the property of the central bank and is subject to audit/verification. Any withdrawal or deposit in the currency chest by the bank holding the chest is reflected as debit/credit in the bank’s account held with RBI.

13. To improve last mile connectivity, we have decided to involve private entrepreneurs in the distribution function. The Cash-in Transit (CIT) companies/Business Correspondents have been allowed to process coin and banknotes, including packaging, sorting and delivery to banks’ customers and for retrieval. Banks, including urban co-operative banks and regional rural banks, are also being involved to ensure that last mile delivery of cash related services penetrates throughout the country. We have also initiated a pilot exercise under the lead bank scheme for currency management and intend to upscale it going forward, based on the experience gained.

c) Direct remittance of banknotes

14. At present, remittances of notes from printing presses accompanied by press representatives and police escort are received at our Issue Offices. After receiving these boxes, they are subjected to preliminary verification (PV) wherein the contents of the box are verified by the vault joint custodians in the presence of the press representative. Later, at the time of sending remittance to banks, packing of the boxes is done in the presence of the accompanying RBI staff and vault joint custodians. At the bank, the RBI staff remains stationed till the verification of notes is completed by the bank officials.

15. We have realized that the present process has some inherent inefficiency as the currency notes have to be transported several times before they reach the public. This not only reduces productivity but is also cost-inefficient. Accordingly, we have introduced a scheme for direct remittance of banknotes from Banknote Printing Presses to the commercial banks instead of routing them through RBI Issue offices to save time, efforts and resources. The new process is being given greater impetus by the RBI.

d) Pursuit of Clean Note Policy

16. Since the year 1999, the Bank has been pursuing a 'Clean Note Policy' to ensure an uninterrupted supply and circulation of good quality banknotes. As may be seen from the Table at para 8 above, during the last three years, 13852 million pieces (mpcs), 13771 mpcs and 14130 mpcs respectively of soiled banknotes were withdrawn and disposed of. While the objectives of Clean Note Policy have been by and large achieved in respect of higher denomination notes, the quality of lower denomination notes, especially Rs. 10, continues to be a cause for concern, possibly due to reluctance/constraints on the part of banks to mop up such notes from circulation.

17. To ensure that genuine banknotes alone are put into circulation, high priority is accorded to detection of counterfeit notes in the banking system. Towards this end, banks have been directed to enhance the use of technology to re-align their cash management systems so as to ensure that cash receipts in the denominations of Rs. 100 and above are not put into re-circulation without being machine processed for authenticity. Banks have also been advised to put in place suitable systems to ensure that counterfeit notes detected are duly impounded and reported by following the prescribed procedure.

e) Currency Processing in India -Trends in Expenditure

18. The currency production costs in our country have been substantial over the years. We in RBI have incurred an expenditure of Rs. 23.76 billion in 2010-11, Rs. 27.36 billion in 2011-12 and Rs. 28.72 billion in 2012-13 on this activity. The two note printing presses, BRBNMPL and SPMCIL, exhibit an increasing trend in their overall expenses viz. Rs.12.22 billion, Rs. 13.09 billion and Rs. 14.23 billion in the case of the former and Rs. 26.17 billion, Rs. 27.88 billion and Rs.32.82 billion in the case of the latter during the last three years respectively, with the cost of paper and ink contributing significantly in the overall costs. Additionally, RBI has incurred an expenditure of Rs. 5.23 billion for acquisition, upgradation and overhaul of its 59 CVPS machines and 28 SBS (Shredding and Briquetting system) machines employed for destruction of soiled notes.

The Road Ahead & Key Messages

19. Currency management offers significant business opportunities for the players as the cost of printing of banknotes is increasing every year due to the increasing demand for banknotes. As I mentioned earlier, this also enjoins certain amount of responsibility on the part of the vendors. It is expected from them that the products offered are of high quality and reliability and they strictly adhere to the agreed technical specifications. In this context, I wish to allude to the failure of the selected bidders in meeting the technical specifications of the plastic banknotes in Rs. 10 denomination that we are proposing to introduce on a trial basis in India, necessitating undertaking the exercise afresh, thereby delaying the process. The vendors are also expected to co-operate with the national governments and Central Banks to avoid production of counterfeits by developing country-specific security features and bringing about improvisation in raw materials like paper, ink, thread, etc. Any failure of the vendors in this regard could result in total loss of business with individual countries making efforts to indigenize.

20. Let me now focus your attention on some expectations that we have from the various vendors present in the Banknote Conference here. We all agree that the integrity of banknotes is the most important factor. In this context, it is also actually quite ironical that for the circulation of forged notes the blame is put on the central bank when, in fact, the blame should go to the manufacturer of the forged notes as in the case of spurious drugs, where the manufacturers are prosecuted. However, it is my considered opinion that the integrity of the banknotes is not a technology issue but more of a law and order issue. When I say this I feel I would be echoing the sentiments of all consumers of various products that the industry produces, especially the representatives of the emerging market countries, who rely heavily on imports for currency production in their respective jurisdictions. I firmly believe that upgrading the security and design features of the banknotes every few years to outsmart the counterfeiters is not a long-term solution but only adds to the cost of producing the banknotes.

21. Let me elaborate what I mean. If the counterfeiters are able to do a good job of producing duplicate currency, they are obviously having access to good quality currency paper, printing ink and other components that are necessary for production of banknotes. So, the question is, what is the source of supply for the fraudsters and what is the role of vendors in perpetration of these unlawful activities. The commercial banks the world over follow stringent KYC procedures on their customers. As counterfeiting is a global issue, what I would like the vendors present here is to similarly do a proper customer identification/due diligence on all their customers. The vendors must join hands to find out who has supplied ink, paper, machinery, etc. to the counterfeiters which would enable the regulators to take appropriate action. In a manner the banks close accounts of customers doing any doubtful transactions; the suppliers should be able to cut off their links with their doubtful customers. In fact, the need of the hour is that counterfeiting should be tackled as a criminal activity with active co-ordination and collective might of all stakeholders-the vendors, Central Banks, law enforcement agencies, etc. Finding a long-term solution to this menace may also require close cross-border cooperation between various countries. The global vendors have, in fact, the maximum stake in ensuring that these problems are countered at the earliest. Over time, the vendors have made significant investments in building capacities and, in the process, created economies of scale and scope. They are the least cost producers of the various ingredients/ components used in production of banknotes and any attempt by individual countries at creating manufacturing capacities could prove inefficient and in many cases, wasteful investment. But the bottom line is that any failure to initiate necessary corrective measures would push more and more countries like India to go for indigenization thereby resulting in loss of big business for the vendors.

22. The global banknote industry, comprising various manufacturers of machines, paper, ink, security features, etc is very huge. I understand that the overall market for this industry is roughly USD 27 to 28 billion. So, while the opportunities for the vendors are immense, I would also take this opportunity to request all the manufacturers, suppliers, vendors in the banknote industry to put their minds together and come up with ideas on not only reducing the cost of paper, ink, machines, etc. but also for enhancing the durability of the banknotes through technological innovations. The vendors must realize that they also have a responsibility towards the environment. These innovations are necessary to reflect that the vendors are conscious about promoting environmental sustainability and ‘green’ practices. Thus, it is extremely significant that currency production activities are not viewed as mere business proposition for the vendors but also as something which has serious implications for the reputation of all stakeholders - the national governments, Central Banks and the vendors themselves.

23. I once again thank the organizers for the opportunity provided to me and appreciate the patient hearing given by the participants. I hope that the delegates present at the Conference would reflect on the messages /concerns that I have tried to convey this morning. I hope the Conference would deliberate on these issues and come up with practical solutions to the present/impending challenges. Global co-ordination and intensive efforts to ensure integrity of banknotes is the need of the hour and I hope that all stakeholders viz., the Central Banks, state, policy makers and vendors who are involved in the process of production, supply and distribution of banknotes, would discuss these issues in a more purposeful manner. Ultimately, this is the prime objective of the Conference. It is our collective responsibility to bring greater efficiency in the entire currency management function – an essential commitment that all of us must make to the end users spread across regions and jurisdictions.

Thank you.

Topics

Acts Income Tax