(FE)
Welcoming the Centre’s decision to cut corporate tax rates, Uttar Pradesh chief minister Yogi Adityanath said the move will benefit UP the most. Terming the move to cut corporate tax rates as ‘historic’ and ‘bold’, he said the measures are a precious pre-Diwali gift to the sector from Prime Minister Narendra Modi and finance minister Nirmala Sitharaman and that slashing tax rate will result in more investment by corporates, higher growth, more jobs, higher productivity and higher income.
He expressed confidence that the move will ‘not only enable India to become a $5 trillion economy by 2024, but also help in providing an opportunity to Uttar Pradesh to embark on the path of becoming a $1 trillion economy’.Addressing mediapersons at the IIM-Lucknow here on Sunday, he claimed that UP was already an attractive destination for private investments and the recent measures would provide further fillip to the state.
