Union Minister Ashwini Vaishnaw discusses GST, MSME benefits, key reforms

Union Minister Ashwini Vaishnav held a press conference, detailing the benefits of GST reform. The Minister explained how GST advantages extend to all states, estimating a saving of Rs 3,500 for a middle-class family. The principles of cooperative federalism, promoting “everyone’s support, everyone’s development,” were also discussed. A significant focus was placed on the advantages for MSMEs, illustrating how lower input item rates reduce manufacturing costs. The discussion also included mentions of the total GDP and its components.

Source