India, Sept. 6 -- Union Finance Minister Nirmala Sitharaman reflected on the recently introduced reforms in the goods and services tax (GST) rates, and said it would fuel increased consumption, thus helping the economy.

When asked what would be next on agenda for the finance ministry, Sitharaman told Hindustan Times, "The next would be about regulators who are non-financial. That's one area which is pending reform. I announced it in the budget. That's very critical. Like Competition Commission of India (CCI), Food Safety and Standards Authority of India (FSSAI)..."

In her budget speech earlier this year, Sitharaman had said that a regulatory reforms committee would review all non-financial sector regulations, certifications, licenses, a...