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?
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.
In 2022 John F. Clauser got the Nobel Prize in which category?
What sub-scheme does the Ministry of Social Justice and Empowerment's program to make 30 cities in India free of beggars operate under?
___________ topped the World's Best Employers 2021 rankings released by Forbes.
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With reference to the PMJJBY, consider the following statements:
1. Age group of 18 to 50 and having a bank account.
2. Voter ...
Karthigai Deepam is a traditional festival of which of the following states?
Which of the following airlines firm in India has selected Meta software 'Workplace' for intra-company communications?
Dudhawa Dam is situated on which of the following river?
Which institution has collaborated with the Ministry of Tribal Affairs for partnerships in areas such as Indigenous Practices, Telemedicine, and Technol...
What is the name of the newly discovered species of Moray eel at the Mudasalodai fish landing centre off the Cuddalore coast?
