Indian Government to Lower Taxes on fertilizers
The article details the likliness of Indian government to reduce taxes on fertilizers. As compared to other states and in the earlier tax regime , the fertilisers figured in the NIL tax category to help the farmers and growers to lower their cost of production.
Topics include Taxes , Incidence of taxation , consumer surplus , producer surplus , welfare gain/loss. Explain using diagrams for Incidence of Tax.
Evaluation will cover discussion on need for subsidies /Nil taxes on fertilizers and impact of taxes on fertilizers , producers , consumers , government and society in short term and long term.