Politics
Rajiv Gandhi abolished inheritance tax to save his family's assets: PM Modi | News from India
Addressing an election rally in Morena, the Prime Minister claimed that the Congress had accumulated wealth over four generations and was now seeking to “loot” the wealth of the people.
“The facts surrounding inheritance tax are revealing. When the former Prime Minister Indira Gandhi died, her children were going to get her property. But there used to be a rule that before the property went to the children, part of it was confiscated by the government. Congress had formulated a law on this subject. To save the property from falling to the government, the then Prime Minister Rajiv Gandhi removed the Inheritance Act,” the Prime Minister said. Modi said.
Congress general secretary Jairam Ramesh accused Prime Minister Modi of spreading “lies” to divert attention from the real issues in the Lok Sabha polls. Ramesh challenged the Prime Minister to clarify where in the Congress manifesto 'redistribution of wealth' is mentioned, saying it is not part of the party's agenda. He stressed that the Congress would focus on the issues of unemployment and price rise rather than engaging in the BJP's rhetoric.
Jairam Ramesh said PM Modi “symbolizes Asatyamev Jayate”.
Addressing a press conference at the AICC headquarters, Ramesh said the Congress would not play on the ground prepared by the BJP but would “play on the ground of unemployment and price rise issues”.
He claimed that there is no mention of inheritance tax in the Congress program and it is not part of the party's agenda.
“Rajiv Gandhi had abolished it in 1985. However, BJP leaders such as Arun Jaitley and Jayant Sinha advocated inheritance tax. Whoever says we will introduce inheritance tax is wrong and in fact it is “This is the BJP's agenda,” Ramesh said.
He also questioned Prime Minister Modi's claim that the Congress would redistribute wealth if it came to power, challenging him to show where this is mentioned in their manifesto.
Pitroda had previously expressed support for the party's position on wealth redistribution, drawing inspiration from the American system. He explained that in the United States, when a wealthy individual dies, only a portion of their assets can be transferred to their children, while the government claims a significant portion. Pitroda suggested that adopting a similar approach in India would be fair and beneficial to the public.
Pitroda's praise for the US seizing 55% of the inheritances served as ammunition for Modi's accusations that Congress was there to seize and redistribute wealth and assets.
Forced to do damage control, Congress distanced itself from Pitroda's comments and said it had no plans to introduce such a tax. He (Pitroda) expressed his views in the American context, which has no relevance for us. He does not speak on behalf of the Congress, party general secretary Jairam Ramesh said.
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Sources 2/ https://timesofindia.indiatimes.com/india/rajiv-gandhi-abolished-inheritance-tax-to-save-his-familys-property-pm-modi/articleshow/109593243.cms The mention sources can contact us to remove/changing this article |
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