: Eastern UP witnesses 6-fold rise in IT return filers: Sitharaman #finance #StockMarketNEWS #Business PTI Lucknow Union Finance Minister Nirmala Sitharaman on Friday said there has been an almost

Posted in: #finance #StockMarketNEWS #Business

Eastern UP witnesses 6-fold rise in IT return filers: Sitharaman #finance #StockMarketNEWS #Business
PTI

Lucknow

Union Finance Minister Nirmala Sitharaman on Friday said there has been an almost six-fold rise in the number of people filing income tax returns in eastern UP in the last five years, reflecting a faster economic growth of the region.

The number of people filing the IT return in the eastern UP has gone up to 21. 83 lakh till March 31, 2021 as compared to 3. 80 lakh in 2016.

She was speaking after inaugurating a newly built ‘Pratyaksha Kar Bhawan’ here in presence of Uttar Pradesh Chief Minister Yogi Adityanath.

“This is the potential of economic activity in this region. The number of income tax filers have gone up and income increased, which is used for development activity,�? she said.

Sitharaman also praised the Adityanath government work in the state, saying UP has launched a successful vaccination drive against covid and is conducting 2. 75 tests daily.

The number of labs has gone up to 234 and COVID beds to 1. 8 lakhs in UP under the chief minister’s stewardship, she added.

“This is why there was no shortage in facilities during the second wave of the corona, all this was available for people,�? she said.

Referring to the large-scale infrastructure activity in the state, she cited the laying of foundation stones and inaugurations of various projects by Prime Minister Narendra Modi in different parts of the state.

These projects would not have been possible had the tax collection not improved, she said, adding the Centre as part of the tax devolution to states paid the March instalment in advance so that there is no hindrance in their spending on infrastructure.

Talking of the newly inaugurated Income Tax Building, she said though the land for the same was acquired in 2002, its construction was started only in 2017 and completed in just three years.

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