Economy

Let me start this article with the meaning of Census. Census is an official survey of the entire population. The Registrar General and Census Commissioner, Ministry of Home Affairs (MHA) conducts the census once in 10 years.   The first census was conducted in 1871 and the latest census was …

The Parliament of India passed a new bill – The National Judicial Appointment Commission Bill, 2014 on 14th August, 2014 and the bill to establish the National Judicial Appointments Commission (NJAC) The Chief Justice of India is appointed on the basis of seniority amongst the judges serving in the court.  …

Before answering the above, do you how much tax is paid by us to the Central Government? The total taxes paid by us for the Financial Year 2013-14 is Rs.11,58,906 Cr. The break-up is Income Tax paid by Individuals and companies together Rs. 6,36,318 Cr. Central Excise, Customs and Service …

India has one of the largest judicial systems in the world – with over 3 Crores of cases to be handled by 15,000 judges.   Do you know the number of cases pending in Supreme Court? The pending cases are around 63,000 to be handled by 27 judges (the sanctioned …

The way you and I have loans, the Government of India also has loans. The total loan (call it as ‘public debt) of the government is Rs.46,25,037 Crores as on March, 2014. Of the total loan, 91% is sourced within India (call it as Internal debt) and the balance is …

Mr.Arun Jaitley said that there was a large amount of money lying unclaimed in small savings schemes such as public provident funds and post office deposits, which may be used to benefit the active accounts. This is what he said during his budget speech 2014 “These are mostly out of …

  It is not limited to Bangalore. You visit any metro, large city, big town, a small municipality or a remote village you will find plastic bags, covers, open dustbins, unclean footpaths, stinking bus stops, horrible bus stands. You will also find cigarette, beedi, biscuits wrappers, rotten fruits, stale leftover …

  Persons resident in India are permitted to maintain foreign currency accounts in India under the following three Schemes Exchange Earners Foreign Currency Accounts (EEFC Account) As the name suggests, the account is maintained in foreign currency (say dollar or euro). It is a current account, so interest is payable …

How this will be effective – time will tell. But the initiative is superb! Prime Minister Shri Narendra Modi today launched MyGov, a platform that empowers the citizens of India to contribute towards Surajya. Stating that in the past, there used to be a big gap between the people and …

Penal Interest – Are you a service tax payer? Is there any delay in payment of taxes to the Government? If so, there is real bad news. The Government, through this budget has increased the penal interest applicable from 1st Oct 2014 If the delay is up to 6 months …