Friday, December 26, 2025
21.1 C
New Delhi

‘Ease Of Living Is Our Focus’: PM Modi Flags Multiple Reforms On Tax, Jobs And MSMEs

Show Quick Read

Key points generated by AI, verified by newsroom

Prime Minister Narendra Modi on Friday highlighted the Central government’s reforms, such as simpler tax laws, modern labour codes, increased rural employment and others in 2025 and expressed commitment to boosting “ease of living”.
Sharing a thread of MyGovIndia on X, PM Modi said, “Ours is a Government committed to boosting ‘Ease of Living’, and this thread below gives examples of how we have worked in that direction. Our reform trajectory will continue with even more vigour in the coming times.”

MyGovIndia is the Indian government’s official citizen engagement platform. It posted a thread on X, highlighting the government’s major reforms this year to “reduce the stress for people.”
“The emphasis (for reforms) was on trust, predictability, and long-term growth, showing how well-designed policy can quietly improve everyday life,” MyGovIndia said in a post on X.

MyGovIndia highlighted that the government brought the Income Tax Act, 2025, replacing the 1961 Income-tax Act to streamline compliance and bring clarity, transparency, and fairness to the direct tax system.
This reform created a friendly tax system that aligns with today’s needs, it said.

The portal noted that the government increased MSMEs’ investment limits from Rs 1 to 50 crore to Rs 2.5 to 125 crore. The turnover limits were also increased from Rs 5 to 250 cr to Rs 10 to 500.
“Higher investment and turnover limits allow MSMEs to expand while retaining access to loans and tax incentives. This encourages scaling up, hiring more workers, and building stronger local enterprises,” MyGovIndia said in a post on X.

“For millions of Indians, tax relief became real. Incomes up to Rs 12 lakh attract zero tax. Middle-class families now retain more of what they earn, giving them flexibility to spend, save and invest with greater confidence,” MyGovIndia said, highlighting tax relief upto Rs 12 lakh annual income.
The Government’s platform also shared the recent G RAM G Act, which extended employment guarantee from 100 days to 125 days.
“With extended guaranteed employment and a focus on village infrastructure, rural labour is now building permanent assets that strengthen communities and livelihoods,” it said.

“Twenty-nine labour laws were simplified into four clear codes covering wages, safety, social security, and relations. Rights are clearer, compliance is easier, and women benefit from assured maternity and workplace protections,” it further said.
MyGovIndia also highlighted government reform to bring GST 2.0, simplifying the 5 per cent and 18 per cent tax system.

“With streamlined tax slabs, easier registration, automated processes, and faster refunds, the next generation of GST reforms is improving ease of doing business. The impact is clear in record Diwali sales of ₹6.05 trillion and the strongest Navratri shopping in over a decade,” it said.

MyGovIndia also highlighted that the definition of ‘small companies’ were expanded to include firms with turnovers up to Rs 100 crore, which reduced compliance burden and costs, allowing enterprises to focus on innovation and expansion. 

(This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

 

Go to Source

Hot this week

Dubai to celebrate New Year’s Eve 2026 with 48 fireworks shows across 40 locations – Full details

Dubai lights up New Year’s Eve 2026 with 48 fireworks shows across 40 locations/Representative Image Dubai is preparing to welcome 2026 with a spectacle like never before. Read More

Explosion Hits Mosque In Syria’s Homs, At Least Three Killed: Report

The blast occurred inside the mosque in the Wadi al-Dhahab neighborhood, a government-controlled district of the city. Read More

Udaipur Rape Case: Accused CEO’s IT Firm Gave Itself 4.7/5 Rating On Women-Friendly Policies

An Udaipur-based IT company owned by a CEO accused in a rape case had rated itself highly on workplace safety and inclusivity. Read More

Bihar Man Arrested For Marrying 3 Times In 3 Years, Cites Mother’s Health As Excuse

Pintu Barnwal from Bihar was arrested after his wives accused him of dowry harassment and marrying three women in three years without divorcing any of them Go to Source Read More

Topics

Dubai to celebrate New Year’s Eve 2026 with 48 fireworks shows across 40 locations – Full details

Dubai lights up New Year’s Eve 2026 with 48 fireworks shows across 40 locations/Representative Image Dubai is preparing to welcome 2026 with a spectacle like never before. Read More

Explosion Hits Mosque In Syria’s Homs, At Least Three Killed: Report

The blast occurred inside the mosque in the Wadi al-Dhahab neighborhood, a government-controlled district of the city. Read More

Udaipur Rape Case: Accused CEO’s IT Firm Gave Itself 4.7/5 Rating On Women-Friendly Policies

An Udaipur-based IT company owned by a CEO accused in a rape case had rated itself highly on workplace safety and inclusivity. Read More

Bihar Man Arrested For Marrying 3 Times In 3 Years, Cites Mother’s Health As Excuse

Pintu Barnwal from Bihar was arrested after his wives accused him of dowry harassment and marrying three women in three years without divorcing any of them Go to Source Read More

Despite Tariffs, India’s Exports To The US Are Recovering: What The Data Shows

Show Quick Read Key points generated by AI, verified by newsroom Despite tariffs remaining in place, India’s exports to the United States have shown a pickup since September, while sectors that were expected to be hit harder by tari Read More

Man United manager Ruben Amorim makes U-turn on Mainoo, makes big claim about midfielder: ‘He is going to be the…’

Changing his tone, Manchester United manager Ruben Amorim praised Kobbie Mainoo ahead of the Newcastle game as he reflected on what the future could be like for the young midfielder at Old Trafford. Read More

Global Growth Forecast 2026: India Leads as US, Europe and China Face Slower Expansion

As the world edges into 2026, economists foresee neither collapse nor boom—only a slow grind marked by weak growth, easing inflation, and persistent geopolitical disruptions. Read More

Related Articles