Context :
Private property not outside state purview:
Supreme Court
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Extract :
Property held in
private hands cannot be said to be outside the State’s control in the interest
of sustainable development and intergenerational equity, a nine-judge
Constitution bench of the Supreme Court observed on Wednesday, while examining
a legal question whether the State can exercise control over privately held
property or resources under the term “material resources of the community” in
Article 39(b) of the Constitution.
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My Take
:
Way back in1952 ,
Congress govt had introduced " Estate Duty " , which was payable by
the children of a deceased person - essentially, Inheritance Tax ( which Sam
Pitroda wants us to debate and for which, there is a clear hint in Congress
Manifesto - and in frequent speeches of Rahul Gandhi )
Subsequently this
Estate Duty was withdrawn by Manmohan Singh govt in 1985 , saying it only
" collected " litigation and all of Rs 20 crores !
A self goal by Congress
, which is shouting from roof top that most Electoral Bonds went to BJP and
Congress was holding a begging bowl
Now imagine what those
BIG industrialists / businessmen - the biggest givers of Electoral Bonds ( no
prize for right guess ) must be thinking !
" If I help
Congress win in forthcoming election , I will be committing harakiri. I will be
signing my own death warrant . My market cap will drop by billions of Rupees .
Forget about funding Congress - above the table or below the table .
If
Congress wins, it will be my children who will be holding the begging bowl "
With regards,
Hemen Parekh
www.HemenParekh.ai / 25
Apr 2024
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