Question
Consider the following statements in regards to Union
Budget 2023-24: 1. The Government intends to bring the fiscal deficit below 4.5 per cent of GDP by 2025-26 2. The highest surcharge rate on income above 5 crores from 37% to 25% 3. Taxes on cigarettes increased by 20 per cent Which of the statements given above is/are incorrect?Solution
The Government intends to bring the fiscal deficit below 4.5 per cent of GDP by 2025-26. The highest surcharge rate on income above 5 crores from 37% to 25%, which will reduce the Maximum Marginal rate of Tax from 42.74% to 39% of income. The duty hike on cigarettes by 16 per cent announced in the Union Budget 2023-24 would have a nominal impact of around 7-12 paise per stick.
The first ever Industrial Policy Resolution of India was announced in the year _______.
According to the Accounting Standard-1, which of the following are the fundamental accounting assumptions?
Which of the following statements is/are correct?
I. Only marketed goods are considered while estimating Gross Domestic Product (GDP).
Which bank is Piyush Gupta set to step down from as CEO?
The Sahitya Akademi Bal Sahitya Puraskar 2025 (Hindi category) was awarded to whom for the work “Ek Batey Barah”?
Which was the first women's sport to be introduced in the Olympics?
After about 75 years of Harshavardhana's death ______ rose to power in Kanauj.
An AI-powered health insurance product “Elevate” is launched by which of the following insurers?
The Reserve Bank of India (RBI) has increased the threshold for bulk fixed deposits for Scheduled Commercial Banks and Small Finance Banks to ₹3 crore...
Who is the head of the EPFO Cadre Restructuring Committee?
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