NEW DELHI: In the end, the FM did deliver on his threat to impose a tax on the super rich — 42,000-odd individuals with declared incomes of more than Rs 1 crore — which, going by affidavits scanned by the Association of Democratic Reforms, includes 315 crorepatis in the current Lok Sabha.
Yet, there was hardly an indrawn breath when P Chidambaram announced the 10% surcharge, perhaps because no one was keen to attract attention to being affected by the measure. Lok Sabha's crorepati club has doubled from 156 crorepatis in 2004.