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The intellectual framework for high taxes was set by Finance Minister C.D. Deshmukh in his 27 February 1953 Union Budget speech, where he set up the T
If airlines symbolised the travel of the rich, they should logically have been banned altogether or taxed heavily. Instead, the government nationalise
Jammu and Kashmir acceded to India on 26 October 1947, with Maharaja Hari Singh signing the Instrument of Accession as Afridi raiders reached Srinagar’s gates after burning the Mahura power station and forcing him to flee to Jammu in the night. In the power vacuum that ensued, Sheikh Abdullah, founding National Conference leader, emerged as the people’s representative to assume administration. After his dismissal in 1953, Delhi installed Baks