In a move to reduce everyday inconveniences caused by outdated and complex regulations, South Korea announced a series of reforms across sectors, including telecommunications and transportation.
The BJP leader hailed the GST reforms and highlighted the government's decision to provide relief on medicines and essential goods. He said the reforms would strengthen India's economy.
From real estate and electric mobility to corporate transportation and tax advisory services, the impact of these changes is expected to be wide-ranging.
Hyundai Motor India (HMIL) vowed on Sunday that it will pass on the complete benefit of the recent GST rate reduction on passenger vehicles to its customers right from Day 1, i.e. September 22, the date the revised GST rates come into effect.
Another amendment bill put forward by Senator Zeeshan Khanzada, which aims to amend Article 228 to include women in the Council of Islamic Ideology (CII), was postponed, with the committee opting to await a formal response from the CII.
Korean business leaders have called for regulatory reforms to boost the growth of Small and Medium Enterprises (SME), as per a report by Pulse, the English service of Maeil Business Newspaper Korea.
The recently announced next-generation Goods and Services Tax (GST) reforms will significantly benefit India's agriculture sector, particularly the rice industry, Indian Rice Exporters Federation's Vice President, Dev Garg, said.
Haryana Chief Minister Nayab Singh Saini on Saturday hailed the "historic" decisions taken at the 56th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, under the guidance of Prime Minister Narendra Modi.
The sweeping GST reforms unveiled this week will strengthen the cooperative sector, make their products competitive, increase demand for their products and increase the income of cooperatives, the Ministry of Cooperation has said.
BJP MLA Mahesh Tenginkai on Saturday criticised the Congress party over its response to the recent GST reforms, calling it a "drama company" and crediting the Modi government for implementing key economic measures.
Works for the recently-unveiled next-generation GST reforms had started around one-and-a-half years ago, and it has nothing to do with any external factors, Union minister and BJP leader Ashwini Vaishnaw told reporters Saturday, addressing a press conference from the party headquarters.