India, Dec. 7 -- Minister of Finance and Corporate Affairs Nirmala Sitharaman said on Saturday that a complete overhaul of the customs system would be her next major assignment as part of broader efforts to reform the economy.

Speaking at the HT Leadership Summit organised by a media house, Sitharaman emphasised the need to simplify customs rules, adding that we "need to make them more transparent". The Union Finance Minister said, "There are quite a few things to do but what's on the card and it's not a secret that I'm letting out before the budget but is the complete overhaul of the customs area."

"We need to make customs a lot more simplified for people to feel that it is not too tiresome, cumbersome for them to comply with the expec...