PM Modi discusses roadmap for next generation reform with minister, secretary, economist
Prime Minister Narendra Modi hosted a high-level meeting on Monday to discuss the roadmap for the next generation of reforms in the country. The meeting included senior ministers, secretary and economists.
After the meeting, PM Modi wrote on Microblogging site X (formerly Twitter): “We are committed to rapid reforms in all areas that will improve the convenience of life, ease of business and prosperity.”
Earlier in the day, union minister Piyush Goyal said the government would adopt a 100-day transformation agenda to quickly track the U.S. journey to become a developed country.
Goyal said that no power on Earth can prevent the country from becoming a developed country by 2047, and said that in the next 100 days, the Modi government will continue to increase global confidence in India’s economic growth and prosperity, the result of 1.4 billion Indians contributed through India’s Made and programs such as Atmanirbhar Bharat (India) (Self-Reliant India).
Also Read: India’s GDP is expected to increase by 6.8% per year over the next 3 years: S&P Global
The goal also said that the country has arrived on the global stage, at the same time as Prime Minister “Yahi Samay Hai”, Sahi Samay hai’s vision (it’s our time, the right time).
PM Modi’s “Grand Diwali Gift” promises in the form of GST reform
Last week, the Prime Minister promised to offer a “big gift” to the Diwali public in the form of cutting GST tax rates last week when the walls of the national capital Red Fort were addressed to the country.
The Prime Minister said: “This Diwali Festival, I will take it as your double Diwali Festival. Prime Minister Modi reiterated the government’s commitment to major reforms in the indirect tax framework proposed in 2017, and the Centre highlighted the need for review of GST rules, which has eased the tax burden on the public over the past eight years.
He also said the government has already begun the GST review by establishing a high-power panel and discussing it with the states.
Also Read: HSBC Reports Reducing GST may increase automatic demand, creating jobs in India.
Meanwhile, Seuss said that due to the “line gift” reform of PM’s “line gift”, the central government can balance income losses through the proposed indirect tax reform, using dividend income, divestment and ease of inflation.
They added that the Centre will hit Rs 50,000-60,000 crore due to the proposed GST tax rate reduction.
Also read: Only 2 major GST rates can you stay? Following PM Modi’s large “Diwali Gift” announcement, the center sends proposals to reduce costs
