Govt will take more steps to continue momentum of economic reforms in country: FM

Finance Minister Nirmala Sitharaman has said that the government will take more steps to continue the momentum of economic reforms in the country.

Addressing a conference organised by CII, she said, the momentum of reforms will continue to make India a hotspot of global investment.

Ms Sitharaman said that Prime Minister Narendra Modi has not lost any opportunity to take deep reforms at this time of pandemic.

She said, Mr Modi also undertook those kinds of reforms which have not seen the light of the day over the decades.

She said, the financial sector is being professionalised and the government will continue with disinvestment and privatisation agenda.

On reforms in taxation system, the Finance Minister said that the use of technology, such as faceless assessment, has eased the tax filing process.

On corporate tax, Ms Sithraman said that the reduction in Corporate tax clearly shows that our intent is to show immediate benfits for the MNCs and any large companies or small companies.