The Goods and Services Tax (GST), implemented in India on July 1, 2017, has been a transformative fiscal reform. GST replaced multiple indirect taxes with a unified tax system, simplifying the tax structure and eliminating the cascading effect of taxes. This change has significantly reduced production costs, leading to lower prices for consumers. GST has broadened the tax base, increasing revenue for the central and state governments. The formalization of the economy has brought more businesses into the tax net, enhancing transparency and accountability. The ease of doing business has improved through the digital GST portal, enabling businesses to file returns and make payments online. The Input Tax Credit mechanism has reduced the tax liability for businesses, encouraging investment. Consumers have benefited from reduced prices and standardized pricing across states, fostering a fair marketplace. GST in India is structured into four main tax slabs: 5%, 12%, 18%, and 28%, with essential items under a 0% tax bracket. Despite its benefits, GST faces challenges like complex compliance requirements and issues with revenue distribution between central and state governments. Future reforms aim to simplify the tax filing process, reduce tax slabs, and integrate advanced technologies to enhance transparency and efficiency. The significance of GST in India lies in its ability to create a unified and transparent economy, marking a pivotal shift in the nation's tax landscape.

Fiscal policy in India, managed by the Ministry of Finance, uses taxation and government spending to influence the economy. Its primary objectives include economic stability, promoting growth, redistributing income, and ensuring efficient resource allocation.

India's agricultural sector is the backbone of its economy, supporting millions of livelihoods. However, it faces several significant challenges that hinder its potential. These challenges range from environmental issues to economic constraints, affecting productivity and sustainability. Understanding these challenges is crucial for developing effective policies and solutions.

In an exciting 4th T20 match, England defeated Pakistan by 7 wickets. Pakistan, opting to bat first, saw openers Babar Azam and Mohammad Rizwan start steadily. Despite a middle-order collapse, Babar's stellar 85 off 57 balls and lower-order contributions led Pakistan to a competitive 170/6.