SP manifesto promises Rs 3,000 monthly pension to poor, higher tax on rich

SP has proposed to impose an additional 2% tax on households having property worth more than Rs 2.5 crore

Samajwadi Party (SP) on Friday released its manifesto for Lok Sabha elections 2019 promising to provide a monthly pension of Rs 3,000 to women belonging to poor families.

The party promised it would expand the purview of its now-defunct Samajwadi Pension Yojana to maximise its reach. The scheme was scrapped by the incumbent Yogi Adityanath government after coming to power in March 2017.

SP has also proposed to impose an additional 2% tax on households having property worth more than Rs 2.5 crore (which it claimed numbered 0.1% of the total domestic households) for redistribution.

The party has proposed to impose a higher