Govt's tax cut move dictated by PM's 'Howdy Modi' event in US: Congress

The Congress on Friday said the government's "constant roll-backs" may give an "impression of progress through stock market bumps" but these will lead to worsening of the economic situation and are unlikely to revive investments.

Questioning the timing of the corporate tax cut announcement, the opposition party alleged that it has been dictated by Prime Minister Narendra Modi's 'HowdyModi' event in the United States.

Terming 'HowdyModi' the "world's most expensive event ever", Congress leader Rahul Gandhi said he is "amazed" at what Prime Minister Modi is ready to do for a stock market bump ahead of the event in Houston.

"Amazing what PM