The document outlines 19 tax reforms proposed by the Indian government. Key reforms include a five year tax holiday for new power projects, firms engaged in exports, and new industries; a 100% tax deduction on export profits; and enhanced deductions for research and development spending, foreign exchange earnings, and investment in infrastructure bonds. The proposals are estimated to result in 26,000 crore (Rs. 26,000 cr) in reduced tax revenue for the year.