Prime Minister Narendra Modi has hailed the next-generation reforms in GST announced by Finance Minister Nirmala Sitharaman. In a social media post, Mr. Modi said that the government has decided to cut GST rates, which will benefit the common man, farmers, MSMEs, middle-class, women and youth. He added that the government had prepared a detailed proposal for broad-based GST rate rationalisation and process reforms, aimed at ease of living. He highlighted that these reforms will ensure ease of doing business for all, especially small traders and businesses.
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