Quick Summary
On the 79th Independence Day, PM Modi addressed the nation, highlighting India's journey of self-reliance and transformation. He said that over the past decade, India has beenreforming, performing, and transforming, but now the time has come to move forward with even greater strength. He emphasized
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FAQ :
The government has abolished over 40,000 unnecessary compliances.
PM Modi highlighted a zero tax benefit for annual income up to ₹12 lakh.
The Task Force will evaluate current laws, rules, and procedures related to economic activities to reduce compliance costs and ensure ease of doing business.
The Next-Generation GST reforms are set to be introduced by this Diwali.
The aim of the GST reforms is to reduce the tax burden on the common man and lower taxes on daily-use items.
More than 1,500 outdated laws have been repealed.
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