Finance Minister Nirmala Sitharaman says every partner needs to collaborate for India to become third-largest economy by 2027-28
With a common purpose of ease of doing business for nation building during India's 'Amrit Kaal', all the stakeholders need to come together and contribute for benefits to citizen of India, the Finance Minister said.
)
Finance Minister Nirmala Sitharaman on Saturday said that initiatives of the customs department, like Faceless Assessment and Single Window Clearance, need to evolve with the overall objective of growth of trade as every partner needs to collaborate to help India's GDP surpass $5 trillion by 2027-28.
In a written message on the occasion of 'International Customs Day 2024', Sitharaman said with a common purpose of ease of doing business for nation building during India's 'Amrit Kaal', all the stakeholders need to come together and contribute for benefits to citizen of India.
She said that this year's theme of International Customs Day, which is "Customs Engaging Traditional and New Partners with Purpose", resonates with the Motto of 'Sabka Saath Sabka Vikas' given by Prime Minister Narendra Modi.
"Every partner needs to collaborate to put India on course to becoming the third-largest economy by 2027-28, with a GDP surpassing $5 trillion," Sitharaman said.
Many initiatives taken by Customs such as Faceless Assessment, Direct Port Delivery, Single Window Clearance, AEO Scheme need to evolve with overall objective of growth of trade and business, she added.
Special focus on MSMEs, new startups and inclusivity will align with the vision of the prime minister, Sitharaman added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

Retirement Planning: How one-time investment of Rs 11,00,000 can create a Rs 3,30,00,000 retirement corpus

Monthly Pension Calculations: Is your basic pension Rs 25,000, Rs 45,000, or Rs 55,000? Know what can be your total pension as per latest DR rates

SBI Senior Citizen FD Rates: Want to invest Rs 3,00,000 in SBI FD? You can get this much maturity amount in 1 year, 3 years, and 5 years

Top 7 Flexi Cap Mutual Funds With Highest Returns in 1 Year: Rs 1,50,000 one-time investment in No. 1 fund is now worth Rs 1,78,740; know how others have fared

9 Stocks to Buy for Short Term: Analysts recommend largecap, midcap stocks for 2 weeks; IndusInd Bank, Coforge, MOFSL on the list

SBI 5-Year FD vs SCSS: Which investment option can offer better returns with quarterly payments on Rs 6,00,000?

UPS vs NPS vs OPS: Last-drawn basic salary Rs 80,000; pensionable service 25 years; what can be your monthly pension in each scheme
09:21 PM IST