Income Tax System in which Income tax means compulsory contribution by a citizen or organization to the government. Government has made different bodies to collect tax from people. It took place at three different levels- central level, State level and local level. In which distribution of tax between state and centre has clearly mentioned in […]
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MUDRA Micro Unit Development Refinance bank, Launched by Prime Minister Narendra Modi on 8th April 2015. It was first mentioned in the budget with the initial capital of Rs 20,000 Crores. It is responsible for the development and refinances through Pradhan Mantri MUDRA Yojana. It was mainly operationalized to provide loan to marginalized traders and
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Automated Teller Machine commonly known as ATM is the machine used to dispense cash. One can directly go to the ATM and can take cash without spending time on the long queue at cash counters in the bank. Many people know about these facts but it’s not only the bank that operates these ATMs. Here
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On 24 July 2019 SBI bank declared the result of the exam for the recruitment of SBI junior associates. The exam was conducted on 22nd and 23rd June in four shifts. SBI will recruit aspirants by conducting the exam in two-phase. Yesterday they have declared the result of phase 1. In which three sections were
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In Budget Classification so far in our previous article Budget Classification system Part 1, we tried to understand the structure of Budget Continuing with that We will discuss furthermore NON TAX REVENUE Comes under Revenue receipt It is defined as the income government earns with no liability Few examples are License fee, Gifts and Grants,
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Budget government generall classify into two section Budget Receipt and Budget Expenditure which is also further classified into two section Revenue Receipt and Captial Receipt Budget Expenditure is also classified into two categories Revenue Expenditure and Capital Expenditure Revenue Receipt classifies into Tax Revenue and Non-Tax Revenue Direct tax and Indirect Tax come under Tax
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Banking History, In 1934 AD RBI act was passed to have a regulating body in British India. Since the absence of any kind of regulating body caused serious damage to the revenue of the colonial government. On 1st April 1935 AD RBI came into existence at Calcutta (Kolkata), later in 1937 shifted to Bombay (Mumbai)
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History of Indian banking, Originally banks have never been the part of the Indian financial system. Before the genesis, private financers commonly known as “SAHUKARAS” money lender were there. Who use to provide financial help to people in return for huge interest. After winning Battle Plessey and Battle of Buxar, the influence of East India
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