On August 15, 2025, during India’s 79th Independence Day celebrations at the Red Fort, Prime Minister Narendra Modi announced landmark reforms for the Goods and Services Tax (GST), promising significant relief for traders, MSMEs, and industries across the country. Addressing the nation, Modi said that after eight years of GST implementation, it was time to modernize the system and introduce next-generation reforms aimed at reducing the overall tax burden and simplifying compliance. The reforms are being positioned as a Diwali gift, described by the Prime Minister as a “double Diwali” bonanza for businesses and citizens alike.

The Prime Minister’s address also highlighted India’s economic achievements under initiatives like Make in India, which have strengthened the country’s industrial base and promoted domestic manufacturing. He emphasized the government’s commitment to creating a favorable environment for MSMEs, traders, and industries, ensuring their growth and competitiveness in the global market.

In addition to economic reforms, PM Modi paid tribute to the Indian Armed Forces, lauding Operation Sindoor, a military response to the Pahalgam terror attack. He stated that India delivered a decisive punishment to those responsible and issued a stern warning to Pakistan, emphasizing that nuclear blackmail will no longer be tolerated. Modi affirmed that India’s armed forces are fully prepared to respond to any future threats, on their own terms, ensuring national security and sovereignty.

The next-generation GST reforms are expected to bring greater efficiency, reduce compliance burden, and create a more transparent tax framework, benefiting businesses of all sizes. Coupled with ongoing industrial reforms and national security initiatives, Modi’s Independence Day address outlined a roadmap for India’s economic growth, self-reliance, and robust defense preparedness.

This announcement marks a major policy milestone aimed at strengthening India’s economic framework, incentivizing businesses, and ensuring a safer and more prosperous nation for all citizens.

The Upcoming IPOs in this week and coming weeks are Mangal Electrical Industries, LGT Business Connextions, Vikram Solar, Gem Aromatics, Studio LSD, Shreeji Shipping Global, Patel Retail.

The Current active IPO are Regaal Resources, Mahendra Realtors and Infrastructure.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.