1.

Point out the Fiscal Policy Reforms (Tax Reforms).

Answer»

The fiscal policy reforms are the reforms introduced by the Government in respect of taxation, subsidies public borrowings etc.,

The major fiscal policy reforms are as follows:

  • Continuous reduction in tax rates on individual income in order to prevent tax evasion.
  • Gradual reduction of corporate tax.
  • Reducing Government expenditure by reducing the size of administration in the Government.  
  • Reducing subsidies on food grains, chemical fertilizers, exports, etc.,


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