What’s in the news? Gross Direct Tax collections for the Financial Year (FY) 2023-24, as of the 16th of this month, have registered a growth of 18.2 percent. The gross collection stands at nine lakh 87 thousand 61 crore rupees …
About GST Council Goods & Services Tax Council is a constitutional body under Article 279A of the amended Constitution, for making recommendations to the Union and State Government on issues related to Goods and Service Tax. The Council was introduced …
About FRBM Act Fiscal deficit is the difference between total expenditure and total receipts except borrowing and other liabilities. Fiscal Responsibility and Budget Management (FRBM) Act was enacted in 2003 which set targets for the government to reduce fiscal deficits. …
About GST Council Goods & Services Tax Council is a constitutional body under Article 279A of the amended Constitution, for making recommendations to the Union and State Government on issues related to Goods and Service Tax. The Council was introduced …
About National Anti-Profiteering Authority (NAA) Soon after the GST was rolled out from 1 July 2017, the government had approved setting up of the NAA for two years. NAA is a statutory body constituted under the Central Goods and Services …
CONTEXT The Government has announced an ambitious programme of asset monetisation. Under this programme, it hopes to earn ₹6 trillion in revenues over a four-year period. Asset monetisation will happen mainly in three sectors: roads, railways and power. Other assets …