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News Topical, Digital Desk : The central government recently provided significant relief to the public by reducing GST rates. The new GST rates came into effect on Monday, September 22nd. Following this gift, PM Modi has announced another piece of good news.
In fact, Prime Minister Narendra Modi, while addressing the opening session of the UP International Trade Show in Noida, said that taxes will be further reduced as the economy strengthens. He also hinted at further reductions in GST rates.
Know what PM Modi said?
Prime Minister Modi said that in 2014, a purchase of one lakh rupees was taxed at around 25,000 rupees. Now, that tax has dropped to 5,000-6,000 rupees. PM Modi said that to hide their failures before 2014, the Congress and its allies are lying to the people.
PM Modi further said, “We have increased the income and savings of the people of India. We are not going to stop here. As we continue to strengthen our economy, we will continue to reduce taxes. The process of GST reforms will continue.”
"We are no longer willing to depend on anyone."
PM Modi advocated for India's self-reliance during this period. He stated that a country like India should not be dependent on anyone. The PM stated that India is strengthening its position and will no longer accept dependence on other countries for its development.
He further stated that India is strengthening its foundation for the coming decade through self-reliance. In these changing times, if countries remain dependent on others, they will compromise their growth. He emphasized that while the world is facing uncertainty and disruption, India is experiencing impressive growth.
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