Prime Minister Narendra Modi chaired a high-level meeting on August 18 to chart the roadmap for next-generation reforms aimed at transforming India’s governance, economic framework, and citizen experience. The meeting, held at 7 Lok Kalyan Marg in New Delhi, follows Modi’s Independence Day announcement of a dedicated task force to drive sweeping changes across sectors. The agenda focused on enhancing ease of living, improving ease of doing business, and fostering inclusive prosperity through structural, legal, and fiscal reforms.
This marks a strategic pivot from legacy systems to a future-ready, citizen-first model of governance.
Key highlights from the meeting
1. Formation of a task force to overhaul outdated laws, rules, and compliance frameworks
2. Roadmap for next-generation GST reforms to be rolled out by Diwali
3. Emphasis on rationalising tax slabs and correcting inverted duty structures
4. Focus on reducing compliance burdens for startups, MSMEs, and entrepreneurs
5. Commitment to building a modern, efficient, and innovation-friendly regulatory ecosystem
Task force for reform acceleration
The newly constituted task force will work within a defined timeline to evaluate and revise existing laws and procedures governing economic activity. Its mandate includes:
- Reviewing over 40,000 scrapped compliances and 1,500 repealed laws
- Identifying redundant provisions across ministries and sectors
- Streamlining legal frameworks to reduce fear of arbitrary enforcement
- Creating a supportive environment for entrepreneurship and innovation
The task force will also coordinate with NITI Aayog and the GST Council to ensure alignment with broader national development goals.
GST overhaul: Diwali deadline
One of the most anticipated outcomes of the meeting was the blueprint for next-generation GST reforms. The Finance Ministry has proposed:
- Simplification of tax slabs into two primary categories: standard and merit
- Special rates reserved for essential items only
- Reduction in classification-related disputes
- Greater rate stability across sectors
These changes are expected to benefit the middle class, farmers, students, and small businesses, while boosting consumption and economic activity. The reforms are being positioned as a Diwali gift to the common man.
Ease of living and doing business
Beyond taxation, the reform agenda includes:
- Simplifying income tax procedures and refund mechanisms
- Promoting cashless assessments and digital documentation
- Enhancing transparency in government-citizen interactions
- Encouraging global universities to set up campuses in India
- Supporting cottage industries and local vendors through logistics upgrades
The Prime Minister emphasized that these measures will empower every Indian to contribute to building a Viksit Bharat by 2047.
Who attended the meeting
The meeting was attended by key cabinet members including:
- Rajnath Singh, Defence Minister
- Amit Shah, Home Minister
- Nirmala Sitharaman, Finance Minister
- Nitin Gadkari, Minister of Road Transport and Highways
- Piyush Goyal, Minister of Commerce and Industry
- Shivraj Singh Chouhan, Minister of Agriculture
- Lalan Singh, Minister of Rural Development
Senior officials from NITI Aayog and various ministries also participated, offering sector-specific insights and implementation strategies.
Final word
The high-level meeting chaired by PM Modi signals a bold shift toward a future-ready India—one where governance is streamlined, entrepreneurship is encouraged, and citizens are placed at the heart of policymaking. With reforms spanning taxation, compliance, education, and infrastructure, the government aims to create a resilient, inclusive, and globally competitive economy.
Sources: The Hindu Business Line, Business Standard, News18, Fortune India, Hindustan Times.
