Can somebody explain tax reforms and trade and investment policy reforms in a simple language ??

plzz its urgent

Tax Reforms: Tax reforms are concentrated on designing a tax structure so that the burden and impact of the tax is fair and economical. Direct tax and Indirect tax are two types of tax. Direct tax reforms and indirect tax reforms are carried on separately.For instance, reform of reducing corporate tax was a direct tax reform,upcoming Direct Tax Code is also a direct tax reform. However,introduction of VAT is an indirect tax reform.

Trade and policy reforms: Foreign trade and investment is an opportunity for the economy to grow faster and expand. Various reforms in policies are carried out to improve foreign trade and investment and at the same time keep domestic market safe.The liberalization of trade policy in 1991 was one of the major reforms which is still carried on in the economy. Reducing import duties and encouraging foreign investment is part of reforms under this sector.