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.
According to the Banking Regulation Act, 1949, non-banking assets must be disposed off within _____ years from the date of acquisition or period extende...
What is project financing?
Which is not the essential characteristic of Bill of exchange:
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was established jointly by the Government of India (through the Ministry of MSM...
__________ guides how to account for taxes on income.
 ______ is a system that focuses on activities as the fundamental cost objects and uses the cost of these activities for compiling the costs of product...
____________ = (sales value – variable cost)/ Sales value
The Financial Inclusion Index published by RBI is based on which three dimensions?
The expired portion of capital expenditure is shown in the financial statements as:
Goodwill is considered as:
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