Question
How much tax devolution has the Centre released to
states to boost capital expenditure and welfare activities?Solution
The Centre has released ₹1.73 lakh crore as tax devolution to states, nearly double the amount released in December 2024. This is aimed at boosting the financial capacity of states to undertake developmental and welfare activities. Approximately 41% of the taxes collected by the Centre are devolved to states during the fiscal year.
What is the primary aim of the Investor Risk Reduction Access (IRRA) platform launched by SEBI?
What is the Capital to RiskWeighted Assets Ratio (CRAR) of scheduled commercial banks (SCBs) as of endMarch 2024 according to the Financial Stability Re...
Where was the inaugural meeting of the Inland Waterways Development Council (IWDC) held?
What is the current number of tax slabs under the GST regime in India?
Which missile, equipped with Multiple Independently Targetable Re-Entry Vehicle (MIRV) technology, was successfully tested in Mission Divyastra by DRDO?...
Which city of Uttar Pradesh has got the World Guinness record for lighting four lakh diyas?
Sundari , a well-known species of trees, is found in:
 ____ state has started a self defence training program for girls?
What is the primary difference between a Credit Card and a Debit Card?
Who is the recently elected Prime Minister of Israel?
Relevant for Exams:
