Question

Discuss briefly any two major steps taken by the Government of India on „Financial Sector‟ front under the Economic Reforms of 1991.

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Answer 1

Answer:

The following are the major steps taken in this direction: (i) The rate of the individual and corporate tax has been reduced in order to bring more people in the tax net. (ii) Tax procedure has been simplified. (iii) Heavy reduction in the import duties has been implemented

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Answer 2

Refer the attachment ....