India is moving towards becoming a ‘Digital Super Power’; Saying this, Shri Sushil Kumar Modi said that the Direct Bank Transfer method adopted by the Government of India has left the whole world in awe. Today, 60 to 70 out of 100 people are making digital payments in India. India has created records in UPI transactions.
UPI transaction volume in India has grown by 91% over last year and the number of people using digital transactions has increased by 26%. 30 countries are taking inspiration from India in UPI transactions. Experiments are being done in the direction that India can adopt digital currency in the coming time.
Gujarat and especially Surat is a major center for diamond industry. At present, the demand for ‘lab made diamond’ is equal to that of natural diamond, and IIT, Chennai has been commissioned to carry out special research on the subject of lab made diamond. Not only this, the customs duty on lab made diamonds has also been reduced to zero instead of 5%.
Mr. Sushil Kumar Modi said that among the tax payers in the country, one crore people fall in the range of Rs. 5 to 7 lakhs. Both options are now open to these people. Not only this, taxpayers will now be able to save of their own choice instead of making mandatory savings earlier.
He said that 25 lakh crores are saved in the country. Out of this the tax related savings is only 4 lakh crores. The government has also launched two new savings schemes for senior citizens and women. Provision of family pension has also been made.
In this meeting, Chairman of Gujarat Chamber of Commerce and Industries Mr. Pathik Patwari, Chairman of Western India Council of The Institute of Chartered Accountants of India Mr. Bishan Shah, President of Chartered Accountants Association, Ahmedabad Mr. Sarju Mehta, Vice President Mr. Shivang Choksi, Leaders Mr. Dr. Anil Patel, Dr. Ritwij Patel and experts and leaders from business, commerce and economic sectors joined.