Prime Minister Narendra Modi, in a compelling address at the Vijay Sankalp Rally in Morena, Madhya Pradesh, delved into the historical backdrop of the Inheritance Tax repeal, offering illuminating insights into its significance and the political dynamics surrounding it.
During his speech, Modi shared intriguing facts about the Inheritance Tax, drawing attention to a pivotal moment during the tenure of former Prime Minister Indira Gandhi. He remarked, “The facts relating to Inheritance Tax are eye-opening…When former PM Indira Gandhi passed away, her children were in line to inherit her property. However, the existing law at the time mandated that a portion of the property be subjected to government taxation before it could be transferred to the heirs.” Modi proceeded to highlight the decision of the then-Prime Minister Rajiv Gandhi to abolish the Inheritance Tax law, ostensibly to prevent the government from laying claim to the family’s assets.
Modi’s revelations at the Vijay Sankalp Rally provided a deeper understanding of a crucial aspect of India’s fiscal history, underscoring the complex interplay between taxation policies and political maneuvering.
The Prime Minister’s address serves as a platform for the BJP to disseminate information and rally support for its policies while critiquing the opposition.
Modi’s disclosure is expected to ignite debates and discussions, particularly regarding the historical context and implications of the Inheritance Tax repeal. As citizens ponder over this newfound knowledge, they will likely contemplate its relevance to contemporary fiscal policies and governance.
The Prime Minister’s speech not only educates the public but also reaffirms the BJP’s commitment to transparency and proactive governance. With elections looming, such elucidations of past policy decisions are poised to resonate with voters and shape their perceptions of political leadership.
