Prime Minister Narendra Modi Describes GST 2.0 as Festival of Savings

• Prime Minister Narendra Modi referred to the new two-slab Goods and Services Tax regime as a ‘festival of savings’.

• He emphasized the need for Indians to adopt products made in India, boosting Micro, Small and Medium Enterprises (MSMEs).

• Modi urged people to buy and sell swadeshi goods, highlighting India’s past prosperity based on world-class commodities.

• The GST reforms, along with income tax exemptions of up to ₹12 lakh a year for individuals, are seen as a double bonanza for the middle and neo-middle class.

GST 2.0 Festival is important topic for Civil service exam (WBCS).

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