NDTV Profit GST Conclave Live: Liquour Coming Under GST Dependent On States, Says Nirmala Sitharaman

Amul to double it’s production in next two years, as market momentum exits said Dr. Jayen Mehta, Managing Director, GCMMF (Amul).

Mehta further added that demand is functions of income and pricing. He further said that milk and dairy is largest item in consumer's home.

"Expects small cars market to swing 16% due to reforms," said Rahul Bharti, Executive Director, Maruti Suzuki.

He further said that the net impact to consumer to see cut of 8.5% to 10%.

Talking about the GST reform he added that the budget and income tax structure has been made more favourable.

"We are not against the technology which builds online games, but when betting comes into play many families are losing funds," said Finance Minister Nirmala Sitharaman.

She also added that families have become agitated with the way these money gaming apps are growing, and many states have already banned it, it was not just the government of India.

On concerns of excessive compliance Finance Minister Nirmala Sitharaman said that the state is actively engaged with stakeholders.

"Sometimes the problem is that there are compliance issues due to state law," she added.

She further said that the government is still ready to address any issues.

"We will need to better negotiate trade access for Indian products to China," said Finance Minister Nirmala Sitharaman.

Investments from China will need to be decided by specific departments, she further added on the question on China investment.

She further said that she would continue to remain cautious, but that is not to deter any investments.