For 10 lakhs income, Tax was 9.33 Lakhs
For 5 Lakhs income, the Income tax was 4.45 Lakhs.
Meaning whatever you earned it belongs to government
This was the foundation of Black money generation and Corruption.
Average inflation rate during Indira Gandhi's 15 year tenure was 20%.
Bank Interest rates were 18%.
That is how the Nehru Gandhi Dynasty ruled. That is why they installed just 16 GW power in first 30 yrs of rule. Everything got taxed including Radio. No jobs after passing out.
People looked to get scholarships & go abroad. 7 years wait to get scooter, telephone, gas, phone.
Licence Raj was bolstering Crony Capitalism.
Inequality was widening to highest level.
A bag of cement used to cost Rs 200/- that time.
1.45 Billion Covid19 Vaccines administered in India in last 365 days fastest in the world. 99% vaccines were Made in India making it a successful #AtmanirbharBharat story
Total Market Capitalisation of BSE Listed companies
In Dec 2014, Results of J&K assembly polls declared, verdict hung. PDP gets 28 seats, BJP 25, NC 15 and Congress 12 in the 87-member assembly.
After long deliberation for 3 months BJP decided to enter alliance with PDP to form coalition Govt there.
Mufti Mohammad Sayeed sworn in as the chief minister of Jammu and Kashmir on March 2015.
All hell broke loose among the BJP supporters. They felt betrayed. Some said that BJP has traded its ideology to grab power. Some supporters even started equating BJP & Congress.
But BJP leadership was very clear from Day 1.
Forming the Govt with PDP on the pretext of obeying the mandate of people of J&K to investigate and understand in minute details all the inner secrets of governance of J&K Govt since 1954 like bureaucracy and deep state.
In 2015, Modi has brought Land Acquisition Bill to acquire land parcels adjoining highways at market rates.
The intention was to set up Industries and Infrastructure to create Rural jobs.
Congress instigated the farmers that Modi Govt is out to forcefully acquire their land.
All opposition party ganged up on this issue. Even some of its allies distanced themselves with this ordinance.
Modi Govt was branded Suit-Boot ki sarkaar, which is helping his industrial friends to set up their factories.
ironically even Industrial houses opposed the move.
Rajya-Sabha numbers were stacked against him.
Modi has to withdraw the bill amidst opposition. Even his supporters questioned his 56 inch image and tweeted jokes /memes. NOTA gang also got activated and started instigating his supporters.
His supporters were also abused & hounded