PM Modi Unveils GST 'Savings Festival' to Boost Swadeshi Movement
Prime Minister Narendra Modi has announced the introduction of next-generation GST reforms, emphasizing the promotion of 'swadeshi' goods. Commencing with the 'GST Savings Festival' during Navratri, these reforms aim to accelerate India's growth, enhance ease of business, and attract investors, while providing financial relief through tax exemptions.
- Country:
- India
On the eve of reduced GST rates taking effect, Prime Minister Narendra Modi delivered a speech rallying for the promotion of 'swadeshi' goods and underscoring the importance of the new GST reforms. He stated that the reforms would advance India's economic growth and draw in more investors.
Modi announced the beginning of 'GST Bachat Utsav', or savings festival, from the first day of Navratri, which, along with income tax exemptions, is expected to be a substantial benefit for the population.
Highlighting this as a historic moment since the 2017 GST reforms, Modi emphasized the need for states to join the movement towards 'Atmanirbhar Bharat'. He declared that reduced GST rates will benefit a wide array of consumers and invigorate national prosperity.
- READ MORE ON:
- GST
- reforms
- Swadeshi
- Atmanirbhar Bharat
- Modi
- India
- economy
- tax savings
- investment
- Navratri
ALSO READ
Private Sector Capital: The Catalyst in India's Growth Story
GST Reforms: A New Dawn for India's Growth Story
GST Reforms Ignite Political Clash: Congress Challenges Modi's 'Sole Ownership' Claim
India's Start-Up Surge: Pioneering Economic Growth and Empowerment
Congress vs. Modi: GST Reforms Stir Political Debate
Google News