Visakhapatnam: Finance Minister Nirmala Sitharaman on Wednesday said that the reduction in tax rates on goods and services as part of the GST 2.0 reforms would result in a saving of Rs 2 lakh crore...

The Finance Minister said MSME and job-creating sectors will also benefit through reduced costs, providing enhanced opportunities.

"With this New Gen Tax regime, with only two slabs (5 per cent and 18 per cent), Rs 2 lakh crore is injected into the economy. People will have cash on hand," Nirmala said