Ahead of the festive season, the GST Council, led by Union Finance Minister Nirmala Sitharaman, has announced significant reduction or tax exemption on several food items, packaged food and daily essentials.
A new initiative called ‘BHARATI’ will empower 100 agri-food startups, drive innovation and boost exports towards $50 billion target by 2030, according to Commerce Ministry.
The government has reaffirmed its commitment to enriching India’s economic indicators by integrating Ocean Ecosystem Accounts alongside traditional measures, an official statement said on Saturday.
MSMEs are the true engines of growth, contributing over 30 per cent to GDP, 45 per cent to exports, and providing employment to more than 28 crore people, particularly with their presence across Tier-2 and Tier-3 cities, an MSME Ministry official said on Tuesday.
