Try GOLD - Free
Sitharaman signals big customs reform
Mint Ahmedabad
|December 08, 2025
Reforming India's customs duty regime, by lowering rates on select goods, increasing transparency, and reducing officials' discretion, will be the next major economic reform push, finance minister Nirmala Sitharaman said on Saturday.
Speaking at the HT Leadership Summit 2025, the minister said the proposed reforms would be similar to the reforms and simplification in the Income Tax Act, which will be administered by a new statute starting April.
"There are quite a few things to do," the minister said in response to a question on the next set of reforms being planned by the government.
"It is the complete overhaul of the customs. We need to have customs a lot more simplified for people to feel that it is not too tiresome and cumbersome to comply with," Sitharaman said, adding that rules have to be made more transparent.
This story is from the December 08, 2025 edition of Mint Ahmedabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Ahmedabad
Mint Ahmedabad
Don't count on Fed rate cuts to reduce long-term bond yields
Trying to force them down will cause more problems than it solves
3 mins
December 18, 2025
Mint Ahmedabad
MUFG eyes 20% in Shriram Fin for $5 bn
Shriram Finance's board will also mull fundraising routes such as a rights issue, preferential allotment or QIP
2 mins
December 18, 2025
Mint Ahmedabad
Mind the gaps: Why India's GDP measurement requires a reset
Next year's base revision offers us a chance to improve data accuracy and five reform measures should help achieve that goal
4 mins
December 18, 2025
Mint Ahmedabad
Punjab plans EV sops in new industrial policy as states compete for capital
The electric vehicles (EV) sector is expected to take centre stage in Punjab, as the state lines up an expanded package of incentives to attract fresh investments under the new industrial policy that is likely to be launched in January.
2 mins
December 18, 2025
Mint Ahmedabad
TCS AI revenue at $1.5 bn, $11 bn from new-age services
than just a new technology.
1 mins
December 18, 2025
Mint Ahmedabad
Bill to let pvt cos into N-Power gets LS nod
The Lok Sabha on Wednesday passed the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (Shanti) Bill, 2025, to open up nuclear power generation to private players.
1 min
December 18, 2025
Mint Ahmedabad
Fall in premium not the only growth pill for health insurers
Industry still grapples with issues such as high medical inflation and inadequate coverage
3 mins
December 18, 2025
Mint Ahmedabad
Spooked by AI and layoffs, white-collar workers see their security slip away
Office workers are filled with anxiety.
5 mins
December 18, 2025
Mint Ahmedabad
Big Tech is taking over much more than just our minds
Denmark has cancelled Christmas-or Christmas cards at any rate.
3 mins
December 18, 2025
Mint Ahmedabad
'Rising MF firepower softens impact of FII outflows'
There was a time when heavy foreign investor selling could rattle Indian equity markets.
2 mins
December 18, 2025
Listen
Translate
Change font size