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.
The current PCA Framework was revised in which year?
Calculate the closing capital of an individual from the following information:
·      Initial capital in business – Rs.50000
The managerial leadership style is better known as ___________
The process in which certain types of assets are pooled so that they can be repackaged into interest-bearing securities is called:
When the Spot price of a Call Option is greater than the Strike Price of an Option, The Option is said to be in:
What is a bar chart known as in which area of each bar is proportional to number of items in each group?
Under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme, what is the ceiling for availing credit guarantee for under CGS-I...
The credit facilit y availed from banks, that is typically used for financing the day-to-day operations of a company/firm is ___ ________
What is the cap on the cumulative exposure of Banks and NBFCs in Alternative Investment Funds (AIFs) , as a percentage of the AIF scheme corpus, as stat...
Cash flow from financing activities is a section of a company's cash flow statement , which shows the net flows of cash that are used to fund the comp...