Reforms express to run nonstop as FM Sitharaman backs GST, tax and banking overhauls
Immediately after saying that the Ministry of Finance is “Goldilocks in India, in a comprehensive interview-it is not very hot, not too cold, but it is the result of 11 years of work by the Narendra Modi government. The center wants to further simplify the goods and service tax (GST) and income tax, to ensure the usability of critical materials, to accelerate land making money and to strengthen regional rural banks.
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Changes made in the Bankruptcy and Bankruptcy Law are also expected to be placed in front of the parliament soon. Banking passes through one of the best cyclical stages, but more lending is considered to be a loan, while IDBI Bank is expected to privatize this year.
Sithaman, because the summer rain covers the country nine days ahead of the program, Sithaman, about the health of the economy, “There is a good momentum on the ground.
Private investment, the basic pillar of growth, returns. “Of course, they go in. All this (global situation), I think the Indian industry was also cautious, but now I can see that they moved and left them,” he said. States were also doing a good job to invest. The demand in the towns and cities of the country is not disturbing. Orum I’m not worried about urban consumption, but I will stand out for watching, ”he said. Bankers are optimistic about ratio transmission after the last 50 -based discount of the Central Bank. “Of course, there will be some time as banks should deal with both the lending side and the deposit side,” he said. “There is a rope walk to follow. This is not like they don’t want to convey the reduction.” Sithaman said he would continue to improve the ease of doing business and that too much work on GST reforms. Orum I hope to finish soon, ”he said. “This will make a lot of difference not only in terms of less rates, but also in terms of harmony. Sithaman said that the industry was widely consulted before and after the signing of trade agreements, and a good position to benefit from them or to compete with imports.
In new bank licenses, FM said that RBI understands the approach. “If I want to say, regardless of the regulator’s decision, licensing, approved or rejecting the license and saying no is the only thing, this cannot happen. It must be at a reasonable time.” The ongoing Sindoor operation said it did not create a financial challenge.
