💨 Abstract

The Indian government is working on tax reform to simplify complex rules and expand the tax base, particularly for the middle class, who are crucial voters and are currently paying the majority of taxes. The government faces a challenge as they want to encourage investment while also alleviating the financial burden on this group. Additionally, India plans to export one million tonnes of sugar to help mills sell surplus stocks and prop up local prices, despite lower yields this year.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖