new delhi a crucial element of the correction charted out post telgi stamp paper scam has got stuck thanks to the finance ministry dragging its feet of allowing bank branches to sell stamp paperwith state governments losing thousands of crores due to the sale of judicial and nonjudicial stamp papers they have been authorising banks to sell the papers to avoid another telgi scam banks too have evinced interest in undertaking this business since they stand to make significant money by way of commissionsbut there are some legal ambiguities which the reserve bank of india rbi wants to get rid of while the law does not prohibit banks from selling stamp papers it does not explicitly allow the sale eitherto avoid any legal action in future rbi has sought an amendment to the law wanting the introduction of two clauses allowing banks to buy and sell stamp papers while there is no legal amendment required since a mere government notification will do the finance ministry is unwilling to notify the changealready smartening under protests on various fronts the government is not willing to open another front since it fears there could be large scale displacement of vendors who sell the stamp paper across the countrythe matter was examined and it was felt that impact of such a move may also be ascertained on the earning capabilities of small vendors of stamp papers particularly those whose families sustain on sale of stampsstamp papers the ministry saidit has now thrown the ball back in rbis court seeking justification for allowing banks to undertake the business in addition the centre wants the central bank to undertake a study to assess the impact on profitability of banks but its sometime before a final decision is taken since rbi has just informed the government that it has sought the views of some banks which are awaited