’Rajiv Gandhi scrapped inheritance law to save family property as...’: PM Modi
Prime Minister Narendra Modi on Thursday said that former Prime Minister Rajiv Gandhi scrapped the inheritance law during his tenure to save the assets and family property that was to be taken by the government after the death of his mother Indira Gandhi.
Prime Minister Narendra Modi accused the Gandhi family of scrapping laws and making extensive efforts to ‘accumulate wealth over four generations’ during a poll rally on Thursday. The Congress party, he told people in Madhya Pradesh, wanted “to loot your wealth” if they were elected to power in the ongoing Lok Sabha elections. The BJP leader claimed that former Prime Minister Rajiv Gandhi had scrapped an inheritance law during his tenure in order to save the family's wealth.
“The facts relating to Inheritance Tax are eye-opening. When former PM Indira Gandhi died, her children were going to get her property. But there was a rule earlier, that before the property goes to the children some part of it was taken by the government. Congress had formulated a law on this. To save the property so that it does not go to the government, the then PM Rajiv Gandhi scrapped the inheritance law. After accumulating wealth over four generations, now they want to loot your wealth,” Modi told people during a poll rally in Morena.
The PM insisted that he was a 'wall' standing between the people of India and the Congress' plan to ‘loot you’. Modi has repeated accused the Congress of wanting to confiscate people's jewellery and small savings by conducting an X-ray of their properties and valuables.
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The remarks had sparked a sharp rejoinder from the Congress with senior party leader Jairam Ramesh citing a budget speech from 1985 to underscore his point. He claimed that former PM Indira Gandhi had given away her ancestral property in Allahabad way back in 1970 to the Jawaharlal Nehru Memorial Fund.
“Every time he opens his mouth to speak, the Prime Minister provides fresh evidence of his meanness, pettiness, and his steadfast adherence to lies. Once again, his lies stand unravelled. Here is the paragraph from then Finance Minister VP Singh’s budget speech of March 16, 1985, which proposed the abolition of estate duty. Paragraph 88 of the speech states the reasons clearly,” Ramesh said.
(With inputs from agencies)
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Business NewsPoliticsNews’Rajiv Gandhi scrapped inheritance law to save family property as...’: PM Modi
First Published:25 Apr 2024, 02:47 PM IST
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