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Published 10 days ago

'Modi's steadfast adherence to lies': Congress slams PM Modi over his inheritance tax barb

Summary by The Economic Times
The Congress refuted Prime Minister Narendra Modi's claims that former PM Rajiv Gandhi abolished inheritance tax to safeguard his family's wealth. Modi alleged that Congress now aims to reintroduce inheritance tax if in power. Congress leader Jairam Ramesh countered, citing Finance Minister VP Singh's 1985 budget speech where estate duty was abolished to ease procedural hassles and inefficiencies, not to preserve wealth.

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The Economic TimesThe Economic Times

'Modi's steadfast adherence to lies': Congress slams PM Modi over his inheritance tax barb

The Congress refuted Prime Minister Narendra Modi's claims that former PM Rajiv Gandhi abolished inheritance tax to safeguard his family's wealth. Modi alleged that Congress now aims to reintroduce inheritance tax if in power. Congress leader Jairam Ramesh countered, citing Finance Minister VP Singh's 1985 budget speech where estate duty was abolished to ease procedural hassles and inefficiencies, not to preserve wealth.

10 days ago
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