Congress' P Chidambaram took cognizance of the event and targeted the govt for taking so long to abolish the so-called tax. He said that the Congress had pleaded for the abolition of the angel tax and finally the Finance Minister announced it today. Ironically, it was Congress who had made changes in the Income Tax Act to introduce the Angel Tax.
P Chidambaram had suggested imposing an Inheritance Tax through his articles as recently as March 2023. The UPA government was also mulling about the idea during their tenure.
As reported by The Week, Natchiappan stated that the meeting was convened to discuss the appointment of boot agents and carry out groundwork at the booth level. "Karti did not keep the flock together. Many of our party workers have joined BJP in Sivaganga", Natchiappan added.
The comparisons of numbers from the interim budget of 2014 and the current interim budget show a massive difference between the two budgets, both after 10 years of rules of UPA and NDA govts.
Jyotiraditya Scindia said that the efforts undertaken by the Modi government demonstrate its commitment to expanding infrastructure, providing accessibility to remote areas and supporting regional development.
According to the agency, it was discovered during the ED investigation that several shell companies regulated, beneficially owned, or used by Karti Chidambaram received illegal gratification (proceeds of crime) from M/s INX Media Pvt. Ltd., to which accused P Chidambaram had granted FIPB approval.
Chidambaram was jailed in the INX Media case over allegations of financial irregularity and fraud in the clearance granted for an investment of Rs. 300 crores.