Covid crisis: UP CM says no plans to impose fresh taxes

By: |
Published: June 1, 2020 7:56 AM

UP CM Yogi Adityanath said that the focus of the government is to give more relaxation to the public.

uttar pradesh, yogi adityanath, coronavirus in UP, coronavirus impact in UP, coronavirus, taxes in UP, special tax in UP, jobs in UPI am confident that we would be able to give work to everyone, he said.

Uttar Pradesh chief minister Yogi Adityanath on Sunday ruled out any plans of the state government to levy new taxes to overcome the crisis unleashed by the coronavirus-induced lockdown. Talking to mediapersons in a virtual press conference, he said his government has restarted economic activities and it has started to move rapidly.

“As compared to the previous month, this month’s revenue collection seems good. There is no thought of imposing any separate tax,” he said, adding that the focus of the government is to give more relaxation to the public.

“We’re planning on how we can boost industrial activities in the state while following social-distancing norms. Our focus is attracting new investment in the state. I am confident that we would be able to give work to everyone,” he said.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Ahead of free trade pact, Piyush Goyal says India open for initial harvest deal with UK; can work on these sectors
2RBI rate cut helping deliver economic growth is not working in simplistic way: Rathin Roy
3CBSE Board Exams Results 2020: COVID-19 outbreak prolongs CBSE students’ wait