Welcome to ixamBee
Continue with your mobile number
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.
When was the None of the Above (NOTA) ballot option first implemented in India?
Which of the following statements is not correct about the Ease of Doing Business 2018 report?
Which of the following is considered a capital expense?
The Serengeti National Park is a large national park in ___________.
The President of which of the following countries was invited as the Chief Guest for the Republic Day parade on 26 January 2020?
Women 20 Inception meeting under India's G20 Presidency held in which city?
Who gave the slogan 'Give me blood, I will give you freedom'?
Who among the following is the author of the book ‘On Writing: A Memoir of the Craft’?
Which one among the following observations pertaining to the works of Nineteenth- Twentieth Century archaeologists is not correct?
The Central Intelligence Agency of the USA has appointed whom as the CIA's first-ever Chief Technology Officer (CTO)?
