<h1>Prime Minister announces GST 2.0, no tax up to Rs 12 lakh to boost savings and domestic manufacturing investment</h1> The prime minister announced that ongoing GST reforms will continue as the economy strengthens, asserting that the tax burden will decline and recent structural changes-including GST 2.0-and the policy of no income tax on individuals earning up to Rs 12 lakh annually will increase household savings. He described GST as a 2017 reform with further measures introduced in September and urged self-reliance through greater investment in research and innovation and domestic manufacturing. He also highlighted expansion of the defence manufacturing sector, noting imminent local production of AK-203 rifles in Uttar Pradesh in collaboration with Russia, and invited global investment.