India, Sept. 2 -- Recently, in his address to the people on Independence Day, PM Narendra Modi promised GST reforms as a "Diwali gift"; it set the tone for optimism across India's MSME sector. Now, following the same sentiment, in Delhi, CM Rekha Gupta has announced that her government will release nearly Rs 1,600 crore of pending GST refunds, which were long overdue since 2019, into the accounts of Delhi's traders before Diwali.

For the capital's IT traders and resellers, this news brought some sense of relief.

On her official Twitter handle, CM Gupta wrote:

"Before this year's Diwali, our government is giving a big gift to Delhi's traders. Nearly Rs 1,600 crore of pending GST refunds since 2019 will soon be transferred into the accou...