Notes and Study material for Exams
India has a well developed Taxation structure. The tax system in India is mainly a three tier system which is based between the Central, State Governments and the Local Government organizations. In most cases, these local bodies include the local councils and the municipalities. According to the Constitution of India, the government has the right … Read more
Gujrat Tax and Economic Reforms Gujarat Goods and Service Tax: The Gujarat Legislative Assembly ratified and passed the newly introduced State Goods and Services Tax (GST) Bill and became the third state after the Telangana and UP. GST will abolish all the Taxation related disputes between the States and this will make Indian economy more strong. … Read more
Tax base, Pros and Cons of Special Category status in Himachal Pradesh Taxation The Department of Excise and Taxation is a major revenue earning department of the Government of Himachal Pradesh. During the year 2016-17 revenue collected under VAT was `4,381.91 crore, which is 71 per cent of total revenue collected i.e. `6,171.00 crore. During … Read more
Himachal Pradesh : Tax and Economic Reforms The economic Horticulture The State has made significant progress in the development of Horticulture. The topographical variations and altitudinal differences coupled with fertile, deep and well drained soils favor the cultivation of temperate to sub-tropical fruits. The region is also suitable for cultivation of ancillary horticultural produce like flowers, … Read more
PUBLIC FINANCE Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones. It includes the study of … Read more
Economic and Tax Reforms in Telangana:- Telangana, has emerged as one of the fastest growing states in the country. In 2016 Telangana and Andhra Pradesh have jointly topped the Ease of Doing Business ranking with a score of 98.78 per cent while Gujarat, the former number one, has slipped to the third position. With a … Read more
Economic Profile Uttarakhand is one of the fastest growing states of the India. The State’s economy grew at an annual Growth rate of over 10 percent during the last decade. In terms of economic growth, the state’s performance has been above the national Average from 2002-03 to 2010-11. The high growth led to rapid … Read more
A subsidy is a benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction. The subsidy is usually given to remove some type of burden and is often considered to be in the interest of the public. Direct Cash Transfer Scheme is a POVERTY reduction measure … Read more
Madhya Pradesh Tax and Economic Reforms The economic INFRASTRUCTURE: Madhya Pradesh has a poor infrastructure. The state has inadequate roads, power, and water supplies. This infrastructure deficit is a major obstacle to economic development. Education: The education system in Madhya Pradesh is poor. The state has a high dropout rate, and the quality of education is … Read more
Mineral wealth of MP, and ranking in mineral:- Madhya Pradesh is richly endowed with rich mineral reserves. In Mineral Production , the state ranks fourth after Jharkand, Chhattisgarh and Orissa. Madhya Pradesh is the only state of the country producing diamond in the country. Madhya Pradesh stands first in production of Copper Ore and Pyrophyllite. … Read more