Front-page report in India's Economic Times, Indian Prime Minister Narendra Modi has promised to introduce "a series of reform measures," following his announcement on Independence Day to comprehensively reform the Goods and Services Tax (GST) before Diwali, and the passage of the Income Tax Bill in the recently concluded parliamentary session for 2025.
"I am not satisfied with what has already been achieved. This is our view on reforms. We are continuously preparing for the future. We must keep moving forward. I will introduce a series of new reform measures. We are working on multiple fronts for this," said Modi during his speech at the Economic Times World Leaders Forum held in the capital on Saturday.
The next generation of reforms will promote manufacturing, revitalize industries, boost consumption, and create employment opportunities.
At an august gathering of industry leaders, entrepreneurs, and thought leaders, the Prime Minister emphasized that as part of this initiative, his government is abolishing outdated laws, simplifying rules and procedures, digitizing processes and approvals, and decriminalizing multiple offenses. Prime Minister Modi claimed that previous governments have entangled the people in vote politics. They never went beyond elections to consider issues, and they believed that "frontier technology" was the domain of developed countries, and India would have to import the required technology. This is why India has been forced to lag behind several countries.
At this forum, India's Foreign Minister S Jaishankar also defended the country's policies. "We will ensure that national interests are protected." If you have problems buying oil or refined petroleum products from India, don't buy it. No one is forcing you to buy. India's foreign minister stated that India follows the concept of strategic autonomy.
Foreign Minister S Jaishankar questioned the claims made by US President Donald Trump and his administration about India unfairly benefiting from the trade of Russian crude oil, pointing out that such accusations are ironic. He said, "If you have a problem buying oil or refined petroleum products from India, don't buy it. No one is forcing you to buy. Europe buys, the United States buys... so if you don't like it, don't buy it. It's funny for people who work for a pro-business American government to accuse others of doing business."
Trump threatened to double tariffs on Indian goods to 50%, citing India's purchase of Russian oil, which he claimed funds the conflict in Ukraine. On Saturday at the Economic Times World Leaders Forum held in the capital, Jaishankar defended India's concept of strategic autonomy.
Original: www.toutiao.com/article/1841431939393548/
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