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What are the two main ways governments can raise money?

The two main ways Governments can raise money are through levying indirect taxes and direct taxes. Direct taxes are levied... View Article

The marginal tax rate was brought down to 40% in the tax reforms of 1991. Lowering marginal tax rates, broadening... View Article

James Wilson, the first Finance Minister of the British Indian Government introduced the tax system in India. In 1860, income... View Article

The Central Board of Direct Taxes (CBDT) is the apex body which heads the Income Tax Department. The Income Tax... View Article

The Tax Reforms Commission (TRC) gave many recommendations for tax reforms in India. The final report of this commission had... View Article

The current Finance Minister Nirmala Sitaraman is the current chairman of the GST Council. The Governing body of the GST... View Article

Reform means making some changes so that the system functions in a better way. These reforms could be in any... View Article

There are three different ways of paying Income taxes in India. Voluntary payment of taxes by citizens, tax collected at... View Article

Marginal tax rate was reduced after the 1991-92 tax reforms. During this reform, the marginal tax rate was brought down... View Article

No, Ganga is not a west flowing river. It rises in the Gangotri glacier near Gaumukh (3,900 m) in the... View Article

The end of a river is called the mouth of the river. It is the place where the river empties... View Article

Catchment area: A river drains the water collected from a specific area, which is called its catchment area. River Basin:... View Article

River: A river is a ribbon-like body of water that flows downhill from the force of gravity. A river can... View Article

The River Luni is called the Salt River in India. It derived its name from the Sanskrit lavanavari (“salt river”)... View Article

The main river along with all its tributaries that drain an area forms a river basin or the catchment area.... View Article

The Amazon Basin located in northern South America, is the largest river basin in the world. The Amazon River and... View Article

Characteristics of the river basin: Drainage basin – the area of land drained by a river. Catchment area – the... View Article

There are 12 major river basins with a catchment area of 20000 km2 and above. They are Brahmaputra River Basin... View Article

A river drainage basin is an area drained by a river and all of its tributaries. A river basin is... View Article

A river basin is an area drained by a river and all of its tributaries. A river basin is made... View Article