News

Next big clean-up: FM Sitharaman flags customs simplification; hints at duty rationalisation in Budget

Finance Minister Nirmala Sitharaman plans a major customs reform. This initiative aims to simplify compliance and increase transparency. These changes will follow earlier tax reforms. The government will also review customs duty rates. Announcements are expected in the upcoming Union Budget. The rupee's depreciation is also addressed. Economic growth is projected to remain strong.