Amazing what PM is ready to do for a stock market bump during his #HowdyIndianEconomy jamboree. At + 1.4 Lakh Cro… https://t.co/XrjMghChE6 — Rahul Gandhi (@RahulGandhi) 1568971344000

(With PTI inputs)

NEW DELHI: Taking a jibe at the government's move to slash corporate tax rates for the domestic companies, Congress leader Rahul Gandhi on Friday said that he is amazed at what Prime Minister Narendra Modi is ready to do for a stock market bump ahead of his 'HowdyModi' event in Houston, which he termed as the world's most expensive event ever.The former Congress president took to Twitter to say that no event can hide the reality of the economic "mess" 'HowdyModi' has driven India into."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," he tweeted.Two-and-half-months after presenting her maiden Budget, that was hailed as "development-friendly" and "future-oriented", finance minister Nirmala Sitharaman on Friday announced fiscal measures that will cost the government Rs 1.45 lakh crore in revenue annually and may potentially derail the country's fiscal deficit roadmap.In the fourth phase of post-budget economic stimulus measures, Sitharaman cut base corporate tax for existing companies to 22 per cent from current 30 per cent and for new manufacturing firms, incorporated after October 1, 2019 and starting operations before March 31, 2023, to 15 per cent from current 25 per cent.