Corporate Tax Cut: Rahul Gandhi Takes Dig at PM Modi’s 'Howdy, Modi' Event After Nirmala Sitharaman's Announcement

Team Latestly

New Delhi, September 20: Former Congress President Rahul Gandhi slammed the Centre's decision to slash corporate tax on domestic companies on Friday. Reacting to the Central government's decision, Gandhi, took a dig at Prime Minister Narendra Modi “Howdy, Modi” event. Talking about the PM Modi’s mega-event, which is  scheduled to take place at Houston in Texas on September 22, the former Congress president said, “No event can hide the reality of the economic mess.” Howdy, Modi Event: PM Narendra Modi Tweets Saying US President Donald Trump's 'Special Gesture' of Offering to Join Him in Houston Highlights Strong India-US Ties.

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Gandhi in his tweet also called PM Modi’s event a “jamboree”. Referring to the estimated loss to the government exchequer, the Congress leader called the “Howdy, Modi” as the most expensive event of the world. Gandhi tweeted, “Amazing what PM 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 “HowdyModi” has driven India into.” Corporate Tax Slashed For Domestic Companies, Existing And Fresh; Nirmala Sitharaman Announces New Rates.

Rahul Gandhi's Tweet:

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The former Congress president’s dig came hours after Finance Minister Nirmala Sitharaman announced to slash corporate tax rates giving big relief tom domestic companies. The domestic corporate tax has been slashed to an effective 25.17 per cent, inclusive of all surcharges and cess. The move would cost the exchequer Rs 1.45 lakh crore.

Meanwhile, US President Donald Trump will join Prime Minister Narendra Modi at the mega meet in Houston, "Howdy, Modi!". The event will be a significant boost to India-US ties, as it would be the first time that these two world leaders will be addressing a joint rally. The event will be held at the sprawling NRG Stadium in Houston, Texas.