The Indian Wire » Politics » Political parties slam Nirmala Sitharaman’s Corporate announcements; Congress calls it “U-turn” move

Political parties slam Nirmala Sitharaman’s Corporate announcements; Congress calls it “U-turn” move

Economic reforms of Finance Minister Nirmala Sitharaman announced today has raised many eyebrows towards the corporate sector. The decision invoked sharp and critical reactions from different political leaders.

The senior leader of the Congress party, Jairam Ramesh welcomed the government’s decision but also expressed his doubts. He said that despite the slashing of corporate tax rates, the fears of Indian corporate market has not been addressed.

The Congress leader also questioned the timing of the decision. It has been reported that the announcements were made to please foreign investors ahead of Narendra Modi’s visit to the United States. PM Modi is scheduled to attend the ‘Howdy Modi‘ event in the United States on September 22.

Congress party slammed the Narendra Modi’s government for taking a “U-turn” on its policies. In a twitter message, the party took a sharp attack on today’s announcements.

CPI party also attacked the decision through a tweeted post and said that the funds of the central banks are being misused for benefitting the corporate sector.

However, BJP leaders have expressed their confidence in the decisions enthusiastically.

Union Home Minister Amit Shah tweeted a message expressing his support to the finance minister’s decision. He said that the rationalization of the corporate tax has been a long-pending demand.

Prime Minister Narendra Modi called the move as “historic“. He expressed hope that the decision will boost the “Make in India” program. The Prime Minister described the announcement as a win-win move for billions of Indians.

Reduction of Corporate tax from 30 percent to 22 percent and removal of MAT were some of the prominent decision announced today. To know more, click here.

ALSO READReactions of Business Experts on today’s announcements.

About the author

Saurabh Parmar

Digital Journalist (Specializing in Indian affairs & Contemporary Political development)

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