Talking about Prime Minister Narendra Modi’s “wealth distribution” remark, Chairman of Indian Overseas Congress, Sam Pitroda on April 24 explained that when Congress talks about redistributing wealth, it means new policies and new programs that are in the interest of the people and not in the interest of super-rich only. "...In America, there is an inheritance tax. If one has $100 million worth of wealth and when he dies he can only transfer probably 45% to his children, 55% is grabbed by the government. That's an interesting law. It says you in your generation, made wealth and you are leaving now, you must leave your wealth for the public, not all of it, half of it, which to me sounds fair. In India, you don't have that. If somebody is worth 10 billion and he dies, his children get 10 billion and the public gets nothing...So these are the kind of issues people will have to debate and discuss. I don't know what the conclusion would be at the end of the day but when we talk about redistributing wealth, we are talking about new policies and new programs that are in the interest of the people and not in the interest of super-rich only," said Sam Pitroda.
24 April,2024 08:50 PM IST
Uttar Pradesh Chief Minister Yogi Adityanath launched an all-out attack on the Congress over Sam Pitroda’s ‘inheritance tax’ remark. CM Yogi Adityanath accused the Congress government rule for decades of giving benefits selectively. CM Yogi alleged that Congress and INDIA bloc want to take back the country to the times of terrorism and appeasement politics.
24 April,2024 08:27 PM IST
At a public event in Surguja, Chhattisgarh, Prime Minister Narendra Modi reacted to Sam Pitroda's remarks about "inheritance tax." Modi stated, "The advisor to the royal family's prince and the prince's father said that more taxes should be levied on the middle class. But now, the Congress has taken it a step further by proposing an inheritance tax. They want to tax what you inherit from your parents. The property you've earned through your hard work may not go to your children because Congress could take it away. Congress will increase taxes while you're alive and, once you're gone, burden you with inheritance taxes. Those who treated the Congress party as their family property and passed it down to their children now want to deny Indians the same right to pass on their property to their children," explained Prime Minister Modi.
24 April,2024 03:34 PM IST
NCP-Sharad Pawar faction leader Rohit Pawar was summoned by the ED to appear before the agency today in connection with the Maharashtra State Cooperative (MSC) Bank money laundering probe. Rohit Pawar reached the ED office along with NCP working president Supriya Sule in Mumbai. Before entering the ED office, Rohit Pawar touched Supriya Sule’s feet and took her blessings. Supriya Sule said, "If we have not done anything wrong, there is no question of coming under the pressure of investigations...". She also said, “"Investigation must be transparent and fair. I have full faith in the ED and I am sure they will hear Rohit's side. We are going to completely cooperate with all the agencies because we have nothing to hide."
24 January,2024 01:28 PM IST
The Punjab government and the external Affairs Ministry have finally taken up the case of the assaulted African student, who has been in coma in a Patiala hospital for the last three months. His father had been desperately asking for the state to help. Video courtesy: NDTV
07 July,2012 11:11 AM IST
NDTV has accessed documents which show that a senior IAS officer in Haryana, who exposed widespread irregularities in land deals, was transferred out just three days after he ordered a probe into some of Robert Vadra's land deals with real estate giant DLF. Video courtesy: NDTV
16 October,2012 02:18 PM IST
IPS officer Amitabh Thakur, who was allegedly threatened by Samajwadi Party (SP) supremo Mulayam Singh Yadav, on Monday said he wants the CBI to probe the entire matter. Thakur, who has also been slapped with rape charges, added that he will take up the matter with the Union Home Ministry.
13 July,2015 02:46 PM IST
Andhra Pradesh Chief Minister Chandrababu Naidu ordered to form an inquiry committee on the heinous case of infant being gnawed by rats to death, and was left unattended by the doctors on duty in Guntur.
27 August,2015 01:25 PM IST
The Delhi Government on Tuesday ordered a magisterial inquiry into the death of a seven-year-old boy from dengue, whose parents committed suicide as they were turned away from a number of hospitals.
15 September,2015 01:31 PM IST
After former Haryana chief minister B.S. Hooda did not turn up before Justice Dhingra Inquiry Commission in connection to the Robert Vadra land-deal case, lawyer Narendra Hooda said that commission will carry on its investigation without Hooda reporting to it.
25 March,2016 08:03 PM ISTADVERTISEMENT
