Congress’s ‘Remonetisation’ Bid? Celebration Units Up New ‘Property And Properties’ Division – News18
Final Up to date:
The occasion goals to compile a complete stock of its belongings and properties nationwide, together with buildings, rental lodging, and extra. Moreover, the Congress intends to monetise these belongings
The current Waqf Modification Invoice has raised considerations inside the Congress. There are apprehensions a couple of potential comparable seizure of its land and belongings by the central authorities. (File pic: PTI)
A cryptic press launch from the Congress asserting the formation of a brand new division for Property and Properties has taken many abruptly, and so they have raised questions on its objective. This committee will oversee and handle the quite a few properties and belongings the occasion holds throughout the nation. The initiative has been in growth for a while, originating from a suggestion by Congress chief and joint treasurer Vijay Inder Singla.
Singla informed News18, “This division will get properties throughout the nation belonging to the Congress regularised and monetised.”
This determination was partly prompted by a current dispute between the Congress and Janata Dal (Secular) in Hubballi, which has escalated right into a authorized battle over possession of a property. Congress sources reveal that there are over 2,000 such properties held by the occasion for years, a lot of which have fallen into disrepair or been illegally occupied. For example, in Jharkhand alone, it has recognized 200 such institutions. Comparable instances exist in Gujarat, Bengal, Punjab, Karnataka, and Andhra Pradesh.
Nevertheless, reclaiming these properties and belongings could show difficult, as sources admit that in lots of cases, paperwork are lacking or the unique allottees are unavailable. But, the true motivation behind this transfer lies elsewhere.
The current Waqf Modification Invoice has raised considerations inside the Congress. There are apprehensions a couple of potential comparable seizure of its land and belongings by the central authorities. The Congress is conscious of current property disputes that the federal government may exploit, resulting in a perceived lack of belongings.
Crucially, the occasion goals to compile a complete stock of its belongings and properties nationwide, together with buildings, rental lodging, and extra. Moreover, the Congress intends to monetise these belongings. For instance, as soon as a property is recovered, it plans to lease it out to generate revenue. The Congress has lengthy argued that, not like the BJP, it lacks ample funds, placing it at an obstacle in contesting elections and creating an uneven enjoying subject. By way of this monetisation technique, the Congress hopes to bolster its monetary standing.
The Congress has additionally been utilising crowdfunding in lots of cases, a major accountability of treasurer Ajay Maken and his group. Notably, throughout the 2024 Lok Sabha elections, the Congress raised considerations concerning the revenue tax division freezing its financial institution accounts, alleging it was a deliberate transfer by the BJP to hinder its election marketing campaign.
Because the Congress establishes the Eagle Committee, specializing in electoral administration, it recognises the significance of securing its monetary sources and belongings. This proactive strategy goals to make sure a extra degree enjoying subject within the upcoming Lok Sabha elections.
Nevertheless, it stays to be seen whether or not these belongings alone can be ample for the Congress, which presently appears to lack a complete technique to problem the BJP successfully.
