Start learning 50% faster. Sign in now
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.
Inter breeding of individuals of same breed which do not have common ancestors for 4 to 5 generations?
FMD vaccines is given to sheep at an interval of?
According to FSS rules,_____shall be responsible for inspection of food business, obtaining samples and sending them to the food analyst.
Ceteris paribus means
What is the minimum amount of assistance under National horticulture Mission for adoption of organic farming?
Which member of honey bee colony produces royal jelly?
Crop failure due to prolonged dry spells during crop period and less than 75 days of crop growing season are the characteristics of which type of farming?
What should be the pH for the Fish pond for fish culture?
Which nutrient deficiency is primarily responsible for the yellowing of tea leaves?
Two orbitals occupying the same position are distinguished by-