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A quarter of India's power generation capacity has been shut down, mainly due to fuel shortages - (A)

A quarter of India’s power generation capacity has been shut down, mainly due to fuel shortages. At a time when Idia’s electricity demand is growing at its fastest rate in decades, almost a quarter of all installed thermal, nuclear and hydroelectric capacity is being shut down. According to the monitoring report of the Central Electricity …

At Rs. 1,68 lakh crore, GST tax hits record high in April 2022 - (A)

The monthly Goods and Services Tax (GST) collection reached an all-time high of Rs. The gross GST tax exceeded Rs 1.5 crore for the first time in April 2022 and Rs 1 crore for the 10th consecutive year. The gross revenue of GST collected in April 2022 is Rs 167,540 crore, of which Rs 33,159 …

A Look at Taxable and Non taxable Allowance for salaried people

An allowance is a financial benefit of a fixed amount of money provided by an employer to meet a particular type of expenditure over and above regular salary. Allowances are regarded as part of the salary and are taxable, except for those under exemptions under various sections of the Income Tax Act. Based on the …

Financial sector in India is a diversified sector which is growing day by day both in terms of new emerging entities and strong growth of existing financial servicing firms. The financial sector includes commercial banks, NBFC’s, insurance companies, co-operatives, pension funds and many other small financial companies. The financial sector in India mainly includes the …

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