New Delhi, Aug. 15 -- Industry body FICCI has welcomed Prime Minister Narendra Modi's 79th Independence Day address to the nation, which highlighted the need for all stakeholders to work together towards making India a self-reliant economic powerhouse.

Applauding the announcement of GST reforms as a Diwali gift this year, FICCI noted the upcoming reforms will reduce the tax burden on consumers and businesses and enhance Ease of Doing Business.

"We applaud the announcement of a comprehensive GST review after 8 years, which will reduce the tax burden on consumers and businesses and enhance Ease of Doing Business. The commitment to reduce compliances, eliminate redundant regulations and create a dedicated Reform Task Force will strengthen ...