Quick Summary
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman launched the Iconic Day celebrations of the Department of Economic Affairs with Securities and Exchange Board of India (SEBI) under the Azadi Ka Amrit Mahotsav (AKAM) here today. Along with the Union Finance Minister, Shri Ajay
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FAQ :
The Goods and Services Tax (GST) and the Insolvency & Bankruptcy Code (IBC) are identified as key structural reforms expected to drive India's future growth.
The advantages and potential of GST and IBC reforms are anticipated to manifest in the coming decade, once current global challenges subside.
India is forecasted by the International Monetary Fund (IMF) to cross $5 trillion in GDP by 2026-27.
India is considered better positioned than many other countries in facing current economic challenges, though it faces the task of managing high growth, moderate inflation, fiscal balance, and rupee stability.
During the Iconic Day celebrations, the Finance Minister launched the 'NETRA (New e-Tracking and Remote Administration) Portal and Mobile Application' for the Indian Development and Economic Assistance Scheme (IDEAS).
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