<h1>Finance Minister unveils task force and next-generation GST reforms to simplify rules, cut compliance, and boost MSME growth</h1> The Union Finance Minister said a newly created task force and imminent 'next generation' GST reforms aim to simplify regulations, lower compliance costs and build enabling ecosystems for startups, MSMEs and entrepreneurs, with a planned council meeting to advance measures intended to make the economy more open and transparent and reduce burdens on small businesses. The minister urged banks to expand credit, support infrastructure, provide timely MSME funding and bring the unbanked into formal banking. She cited 56 crore Jan Dhan accounts with Rs 2.68 lakh crore deposits and noted an improved sovereign credit outlook.