Brief by Shorts91 Newsdesk / 12:56pm on 05 Sep 2025,Friday India Global
Union Finance Minister Nirmala Sitharaman reaffirmed India’s strategic decision to continue importing Russian oil, stating that energy choices are driven by national interests—including cost and logistics—rather than external pressures. She also emphasized that the newly introduced GST 2.0 reforms will significantly neutralize the impact of steep 50% U.S. tariffs, helping industries remain competitive. The revamped tax structure, featuring simplified slabs and relief for consumers and businesses, is expected to boost domestic demand, stimulate economic growth, and strengthen resilience amid global trade tensions. (PC: Money Control)
