Amazing What PM Can Do for a Stock Market Bump: Rahul Gandhi On Corporate Tax Cut

New Delhi, September 21, 2019:

Congress leader Rahul Gandhi on Friday condemned Prime Minister Narendra Modi for his move to slash corporate tax cuts.

Taking a dig at the PM, RaGa said that he is amazed at what Prime Minister Narendra Modi is ready to do for a stock market bump ahead of his 'Howdy, Modi!' event in Houston, which he termed as the ‘world’s most expensive event ever’.

Rahul further alleged that no event can hide the reality of the economic ‘mess’ ‘Howdy, Modi!’ has driven India into.

Also Read: FM Nirmala Sitharaman Announces Corporate Tax Cuts for Domestic Companies

Taking to Twitter, Rahul wrote, “Amazing what prime minister is ready to do for a stock market bump during his #HowdyIndianEconomy jamboree. At + 1.4 Lakh Crore Rs. the Houston event is the world's most expensive event, ever! But, no event can hide the reality of the economic mess ‘Howdy, Modi!’ has driven India into.”

The Congress leader's attack comes a day after the government announced the slashing of corporate tax rates for companies by almost 10 per cent to 25.17 per cent to bring them at par with Asian powerhouses such as China and South Korea in a bid to boost demand and investments.

Battling a six-year low economic growth and a 45-year high unemployment rate, Finance Minister Nirmala Sitharaman announced the step two-and-half-months after presenting her maiden budget, that was hailed as ‘development-friendly’ and ‘future-oriented’.

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