New Delhi, Sept. 2 -- With an eye on sustaining India's growth momentum, finance minister Nirmala Sitharaman said on Tuesday that the government's proposed task force on next-generation reforms will shape a simpler, more enabling framework for small businesses.

"Honourable Prime Minister has recently announced the creation of a task force for next generation reforms with a clear mandate to simplify regulations, lower compliance costs, and also build a more enabling ecosystem for startups, MSMEs (micro, small and medium enterprises), and entrepreneurs," Sitharaman said at the 120th anniversary celebrations of City Union Bank.

"Complementing this is the planned rollout of the next generation GST reforms, with a council meeting tomorrow an...