Prime Minister Modi made several major announcements from the ramparts of the Red Fort that could impact the share market on Monday. The biggest announcement was related to GST. He said that the Next Generation GST reform is coming, which will lead to lower taxes. This means that essential items will become cheaper, benefiting the common man. Modi also announced a new job scheme for the youth called ‘Atmanirbhar Bharat Rojgar Yojana’, aimed at creating employment opportunities. The announcement related to the semiconductor sector is significant as it indicates the government’s focus on boosting the electronics manufacturing industry in India.
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