Now Reading: Independence Day 2025: PM Modi announces task force to consider next generation reforms – What will it do?
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Independence Day 2025: PM Modi announces task force to consider next generation reforms – What will it do?
Independence Day 2025: PM Modi announces task force to consider next generation reforms – What will it do?
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NEW DELHI: Prime Minister Narendra Modi on Friday gave a clarion name on turning into atma-nirbhar (self-reliant) whereas saying the formation of a task force for ‘next-generation reforms’ and revision of GST legal guidelines. His historic 103-minute speech coated a variety of subjects from semiconductors to fertilisers. The announcement of the formation of a task force is important, relying on the present geopolitical state of affairs, and US President Donald Trump imposed tariffs on India.“We have decided to constitute a task force for next-generation reforms. This task force will work within a set time frame to align existing laws with the needs of the 21st century and prepare the nation to become Viksit Bharat by 2047,” PM Modi introduced.
What will the task force do?
- PM Modi introduced ‘Task Force for Next-Generation Reforms’ will be accountable for evaluating all present legal guidelines, guidelines, and procedures associated to financial actions.
- He added that it will work to cut back compliance prices for startups, MSMEs, and entrepreneurs inside a set time restrict.
- It will even be accountable for offering freedom from worry of arbitrary authorized actions, guaranteeing the streamlining of legal guidelines for ease of doing enterprise.
- It goals to create a supportive ecosystem for innovation, entrepreneurship, and financial progress.
- PM mentioned that the next-generation
GST reforms by Diwali are geared toward lowering taxes on every day-use gadgets.
“The government will bring Next Generation GST reforms, which will bring down tax burden on the common man. It will be a Diwali gift for you,” he mentioned. The Prime Minister asserted that the reforms will guarantee direct profit to residents and stimulate financial exercise.
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