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India's PM Modi streamlines GST to two rates, facing praise and concerns over revenue.
Prime Minister Narendra Modi's decision to rationalize Goods and Services Tax (GST) rates has been met with mixed reactions.
The reform reduces the number of tax slabs to two, 5% and 18%, offering relief to farmers, small businesses, and middle-class families.
However, some states like Kerala and Odisha estimate revenue losses and seek compensation from the central government.
Political parties like the BJP hail the decision as a "historic step," while the Congress party criticizes it as an incomplete reform.
The changes are expected to take effect from September 22.
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El primer ministro de la India, Modi, simplifica el GST a dos tasas, enfrentándose a elogios y preocupaciones sobre los ingresos.