"Fiscal policy reforms in India
Dear Student
Fiscal reforms refer to the changes or reforms in taxation and expenditure policy of the government there are reductions in direct taxes, tax structure became simple and to bring the major population under the tax cap they reduce the tax rates though government has brings so many changes still not able to collect as much taxes as it should be. Similarly to increase foreign investment in the country they provide various rebates to foreign investors also this also reduce the government funding that somewhere affects the development and welfare expenditures of the government as government still not getting that much that it should be .
Regards
Fiscal reforms refer to the changes or reforms in taxation and expenditure policy of the government there are reductions in direct taxes, tax structure became simple and to bring the major population under the tax cap they reduce the tax rates though government has brings so many changes still not able to collect as much taxes as it should be. Similarly to increase foreign investment in the country they provide various rebates to foreign investors also this also reduce the government funding that somewhere affects the development and welfare expenditures of the government as government still not getting that much that it should be .
Regards