Chidu’s firesale will rob urban wealth to buy rural votes
Who said this? “India needs investment, not disinvestment.” It was none other than Palaniappan Chidambaram, while criticising the NDA’s privatisation efforts when he was jobless and had turned a columnist for the Indian Express in the early part of the last decade. Who said this? “We must raise the tax revenue to defend (the expected aggregate decline of resources). I know many people won’t like this. But, I think, I can summon the courage to make the statement… you must be prepared to pay higher tax rates, especially the rich must be prepared to pay higher tax.”
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