Those who abandon their parents should be deprived of tax credits, says IIM

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Faculty members at the Indian Institute of Management, Ahmedabad (IIM-) have come up with an idea to check the increasing number of Indians abandoning their parents and sending them to old age homes.

As per a report published in TOI, Dheeraj Sharma who is a faculty in marketing and organisational behaviour had organised a meeting of IIM-A professors with top politicians and government officials in New Delhi last week to discuss such challenges.

In his meeting with the government officials Sharma said, "The government should give tax credits to people who stay with their parents. There is a limit to the number of old age homes that anyone can build but there is a need of such homes as people do not want to stay with their ageing parents. So, if we cannot make social and value changes, then we can make it economically viable for the nation. This will encourage more families to stay together, leading to a reduction in the total cost of the nation."

As many as 20 faculty members of IIM-A met with union ministers including Ravi Shankar Prasad, Piyush Goyal, Rajyavardhan Rathore, Satyapal Singh and former cabinet minister Subramanian Swamy during the meet titled Vision 2024 Imperatives for Public Policy.

The objective of the meet was to initiate a dialogue between policy makers, implementers and researchers. A significant research to about 14 different ministries like home affairs, defence, health, education, power, rural development, agriculture, IT, was presented by the faculty members.

"We got perspective from senior government officials on public policy. The agenda was to have a dialogue, the outcome of which will be a compendium that will be presented to the ministries and the Prime Minister's Office. Our aim is to help in development of better policies than before while keeping a balance between political, social, technological and economic realities," Sharma was quoted by TOI as saying.

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