20 C
Friday, January 15, 2021

    Pradyut Bordoloi Fires Salvo At CM Sonowal Over Corporate Tax Remark

    The decision of the Centre on corporate tax will benefit the capitalists: Pradyut Bordoloi

    The Congress parliamentarian from Nagaon Pradyut Bordoloi on September 26th, 2019, slammed Assam Chief Minister Sarbananda Sonowal over his remark that slash in corporate tax will strengthen the economy of the Northeast.

    Speaking to the media persons, Bordoloi said, “The world knows about the economic slowdown in the country under the rule of Bharatiya Janata Party. But, the CM tried to cover up the issue. How will the slash in the corporate tax benefit the people of the state?” He further said, “The decision of the Centre on corporate tax will benefit the capitalists, not the people.”

    Sonowal on September 25th, 2019, while hailing the Union Finance Minister Nirmala Sitharaman for slashing effective corporate tax to 25.17 per cent, said that the move will benefit the Northeast region. “It was a historic step in the last 24 years. Now, it will be easier for the South Asian nations to invest more in Assam,” he added. He also said the government’s decision to cut down the tax will also reduce unemployment tally in the region.

    The decision to slash the tax was taken in Goa on September 20th, 2019 to boost the economy of the country and it is inclusive of all cess and surcharges for domestic companies. Announcing this Sitharaman said that the new tax rate will be applicable from the current fiscal which began on April 1st, 2019.

    Photo: Time8


    Follow TIME8.IN on TWITTER, INSTAGRAM, FACEBOOK and on YOUTUBE to stay in the know with what’s happening in the world around you – in real time

    First published


    EXCLUSIVE: Four special courts to resolve pending cases of ex-NDFB ultras

    Employment opportunities would be offered to the surrendered NDFB cadres in CRPF, CISF and other security and paramilitary forces

    City restaurants not going to be closed: Hospitality Worker’s Association

    The clarification came amidst reports of Guwahati restaurants likely to be closed for two days doing rounds on the internet.

    ‘ST status granted to six communities of Assam’: JP Nadda ‘goof-up’ in Silchar

    The CCTOA has been objecting to the demands of granting ST status to the six communities

    Assam: Guwahati gets Pink Bus service

    The ASTC used the color pink so that the commuters can easily identify the special free city bus service.

    Bird flu outbreak: Centre issues advisory to contain spread

    The wildlife authorities on January 5 confirmed avian influenza (H5N1) as the cause and has also asked other states and UTs to keep a vigil on any unusual mortality amongst birds.

    Chinese Pangolin Rescued in City: Two Held

    There is a huge demand for these mammals in China and southeast Asia where pangolin meat is considered a delicacy and a tonic food