Subject: Government Budgeting and Taxation
Government Budgeting and Taxation
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Direct Benefits Transfers
The government’s DBT plan involves transferring the subsidy amount directly to the beneficiaries’ bank accounts. Here, the government does not have to fiddle around with differential pricing for the underprivileged. This method can effectively address the issue of leakages and go a long way in solving the mis-targeting problem. The government has also linked DBT to… Continue reading Direct Benefits Transfers
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Pay Commission Updates
Salient features useful for prelims and mains, both.
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Black Money – Domestic and International Efforts
Are there any provisions in UN which can help us chase black money? Yes, there are a few. And they might help us get black money back in India. Let’s look at the history of such negotiations to learn more about them and hone your understanding for Probable questions for IAS Mains. Tough negotiations on this subject… Continue reading Black Money – Domestic and International Efforts
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Goods and Services Tax (GST)
This article would focus on Goods and Services Tax (GST), as we know discussion on GST bill is going on in winter session of Parliament. So, let’s just take this in brief here. What is the Goods and Services Tax (GST)? As the name suggests, the GST will be levied both on goods (manufacturing) and services.… Continue reading Goods and Services Tax (GST)
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Minimum Alternate Tax (MAT)
The Minimum Alternate Tax ("MAT") is a tax levied under India's Income Tax Act of 1961 that targets companies that show profits on their books and declare dividends, but pay minimal or no tax.Â
