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Wealthy farmers must pay taxes: Closing the income gap for a fairer India

By Economic Times - 2 months ago
India plans to tax wealthy farmers to address economic inequality and generate revenue. This policy targets around 5 million farmers earning over ₹25 lakh annually, sparing small and marginal farmers. The revenue will improve rural infrastructure and agricultural innovation, ensuring effective and fair subsidy distribution. The plan fosters financial inclusion and digitisation of rural banking.

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