Question
According to the Tax Devolution policy of central
government, the taxes collected by the Centre is devolved in who many instalments among states in a fiscal year?Solution
The government released two instalments of tax devolution to states totalling over ₹ 1.16 lakh crore to help accelerate their capital expenditure as against normal monthly devolution of ₹ 58,333 crore. This would help strengthen the hands of states to accelerate their capital and developmental expenditure. Currently, 41 per cent of taxes collected by the Centre is devolved in 14 instalments among states in a fiscal year. Tax Devolution - It is based on a formulaic transfer of resources to states, determined by the Finance Commission. The tax devolution formula is based on the principles of need, equity, and efficiency. In other words, the formula is progressive – states in need of higher assistance receive a larger share of funds devolved.
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
In the question below some statements are given followed by four conclusions I, II, III and IV. You have to take the given statements to be true even i...
In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to b...
In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
Statements:Â
Only poles are wires
Only few poles are ornaments
All ornaments are copper
Conclusion:
I. All po...
Statements:
All pink are red
All red are green
No red is a blue
Conclusion:
I. Some green are not blue.
II. No pink is a blue
III. All green are pink
Statements:Â Â Â Â Â Â
No mouse is a keyboard.
Some keyboards are printers.
All printers are scanners.
Conclusions:Â Â Â Â ...
In the question below are given some statements followed by some conclusions. You have to take the given statements to be true even if they seem to be ...
Statement : All sparrows are peacocks.
No eagle is a sparrow.
No cow is peacock.
Conclusion : I. No sparrow is a cow.
II...
Statements:
No girl is a boy
No boy is men
All men are women
Conclusions:
I. Some women are girls
II. All women are men
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