India tax cut plan boosts shares; Nifty set for best day in 3 months

India tax cut plan boosts shares; Nifty set for best day in 3 months

By Bharath Rajeswaran (Reuters) -Indian shares jumped more than 1% on Monday after the government proposed sweeping changes to the goods and services tax (GST) regime, which will make daily essentials and electronics cheaper from October. New Delhi will propose a two-rate structure of 5% and 18%, doing away with the 12% and 28% tax that was imposed on some items, a government official said on

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