The United Nations data has pointed out that 2.2 BILLION PEOPLE are currently living without access to safe water and this is something that needs action.
Cash Reserve Ratio (CRR) RBI meaning, CRR rate: The Cash Reserve Ratio in India is decided by RBI's Monetary Policy Committee in the periodic Monetary and Credit Policy.
Automated Manual Transmission meaning: Automated Manual Transmission or AMT, is also known as Semi-Automatic Transmission (SAT) or Clutchless Manual Transmission (CMT).
Sessions Court definition: In India, the Court of Sessions, commonly referred to as Sessions Court, has been established by the state government for every sessions division and it is presided over by
Electronic Brakeforce Distribution definition: EBD is an extension of the Anti-Lock Braking System (ABS). It ensures that the right amount of force is applied to each wheel.
Protem Speaker definition: There are several instances when the Supreme Court had to issue orders directing a Protem Speaker to be appointedin a state legislative assembly to carry out specific functi
Finance Bill meaning: The Finance Bill is a part of the Union Budget, stipulating all the legal amendments required for the changes in taxation proposed by the Finance Minister.
Short Term Capital Gains Tax meaning: The gain or profit from the sale of assets is classified as a capital gain. The tax for this capital gain needs to be paid in the year that the asset transfer tak
Form 16 meaning, Form 16A, Form 16B download: Form 16 is a crucial document for a salaried individual, especially if the employer has deducted tax on income.
Fiscal policy in India: Fiscal policy is the guiding force that helps the government decide how much money it should spend to support the economic activity, and how much revenue it must earn from the
Section 80C explained: Did you know that Section 80C, under the Income Tax Act 1961, helps you reduce the tax burden by allowing a deduction from the total taxable income in a financial year? Section
Expenditure Budget definition: Expenditure Budget provides complete information about the total expenditure of the Union government in a financial year.
Customs Duty definition: We shall look into its various aspects such as how Customs Duty is calculated, different categories that you need to be familiar with.
Reverse Repo Rate definition: The Reverse Repo Rate is an important Monetary Policy tool used by the Reserve Bank of India (RBI) to control liquidity and inflation in the economy.
Anti-Lock Braking System meaning, benefits: How does Anti-Lock Braking System work? Do ABS brakes stop faster? Which is better ABS or non-ABS? In this definition of the Anti-Lock Braking System, we se
Power steering meaning: The steering system of a vehicle is one of its key components. In a hydraulic power steering system, the effort required to turn the wheel of a vehicle by the rotation of the s
Receipt Budget meaning: The Receipt Budget is an extensive document prepared as a part of the Union Budget of India exercise to showcase the break-up of the government's receipts from various income s
Securities Transaction Tax meaning: Securities Transaction Tax, also referred to as STT, is a tax that is levied on the purchase or sale of shares and other trade-able securities of the companies list
Income from House Property in India: The income arising out of a house property either in the form of a rental income or on its transfer is referred to as 'income from house property'.
Income Tax simple definition: Wondering what is income tax and how does it work? Income tax in India is a tax paid by individuals or entities depending on the level of earnings or gains during a finan
Centrally Sponsored Scheme meaning: The category of centrally sponsored schemes comprises programmes that have a national character or a regional character.