domingo, 4 de agosto de 2019

Inside track: BJP leadership seems to have been inspired by Indira Gandhi | The Indian Express

Inside track: BJP leadership seems to have been inspired by Indira Gandhi | The Indian Express





Inside track: BJP leadership seems to have been inspired by Indira Gandhi

The leadership seems to have been inspired by Indira Gandhi, who, half a century ago, enforced bank nationalisation and abolished privy purses to demonstrate to the poor that the government would not spare the rich.

nirmala sitharaman, budget 2019, jammu and kashmir elections, j-k polls, president ram nath kovind,
Finance Minister Nirmala Sitharaman. (Express Photo: Prem Nath Pandey/File)


Finance Minister Nirmala Sitharaman is getting the rap for the high tax in this year’s Budget on the super-rich. But Sitharaman may be merely a scapegoat for what was essentially a political decision. It is believed that the BJP top leadership pushed for the richest Indians to be taxed higher, even though Finance Ministry officials fought against the proposal, pointing out that this would send wrong signals to the business community and stall foreign and domestic investment. The leadership seems to have been inspired by Indira Gandhi, who, half a century ago, enforced bank nationalisation and abolished privy purses to demonstrate to the poor that the government would not spare the rich.

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