New Delhi. With just less than a year left for next general election, government is in no mood to miss any chance to make people happy.
With disproportionate assets case against Mulayam Singh Yadav being dropped and Jagan Reddy getting bail in a similar case, UPA government has decided to give relief to everyone facing allegations of having disproportionate assets.
For the same, the government is planning to bring “Disproportionate Assets Security Bill” that will take away worries of all those who have amassed wealth in excess of their known sources of income.
“People have to lie and commit fraud to hide their disproportionate assets. If we legalize their assets, there will be no fraud,” Finance Minister P Chidambaram said, drawing instant approval from BSP chief Mayawati and RJD leader Lalu Prasad Yadav.
The bill proposes that owners of the disproportionate assets are given immunity from legal action. All they need to pay is a token amount of property and wealth tax and they are done.
Throwing light on some other positive impacts of the new bill, a senior legal analyst explained, “Since a lot of people have undeclared assets, it will save a lot of time of the judiciary if the bill is implemented.”
“It will also bring back the black money stashed in foreign banks,” the analyst told Faking News.
The bill has been welcomed by all political parties. Even a fierce opponent like Baba Ramdev has welcomed it.
“It is like a loan waiver for small farmers,” Robert Vadra too welcomed the provisions of the bill.
Even the CBI is happy with the move as they will not need to file new cases or drop old cases randomly.
The only people unhappy with the bill are a few income tax officers and custom officials who fear that their own source of building disproportionate assets could dry up as a result.