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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.
Did you knew that the radio is ranked number two in the list of ‘101’ Gadgets that changed the World’s according to History Channel?
Identify the segment in the sentence that contains a grammatical error.
I do not like vegetables, or do I like fruits.
The entire spectrum of education and philosophy ,1) / science and technology have been 2)/ benefitted through 3)/ the introduction of English language 4...
Identify the segment that contains a grammatical error. If there is no error, select 'No error'.
It is custom for the Ministry of external affair...
Read each sentence to find out whether there is any error in it. The error, if any, will be in one part of the sentence. Mark the part with the error as...
The following sentence has been divided into parts. One of them may contain an error. Select the part that contains the error from the given options. I...
(A) This kind of hunger is / (B) common and generally is / (C) what has trigger food riots, / (D) now and in the past.
Select the segment which has a grammatical error in the given sentence.
Most of the roads we see in India is used to carry the goods.
Identify the segment that contains a grammatical error. If there is no error, select 'No error'.
A year-long march called 'Jai Jagat 2020' carrie...