Finance Minister Nirmala Sitharaman said she is preparing reforms aimed at easing business compliance while leaning on strong domestic consumption to help India weather global risks. She also pointed to the growing cybersecurity challenge posed by advanced AI models, signaling government action to protect industry. Sitharaman added that the reform push will continue to support manufacturing and overall growth for India Inc.
ASSocham has pitched the government to extend the “Vivad Se Vishwas” settlement scheme beyond current coverage into highly regulated sectors such as telecom, power, and mining. It also wants a dedicated dispute resolution mechanism for customs-related cases, arguing that tax and procedural stability would reduce litigation burdens and improve business certainty.
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