Page-3 of 32661 Current Affairs, GK & News

Special Category States

December 15, 2013

The Special Category states was introduced in 1969. So far extended to 11 states including seven North East states viz. Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura and the border states of Himachal Pradesh, Jammu and Kashmir and Sikkim as well as Himalayan state of Uttarakhand. Special category status enhances the resource capability ..

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General Anti-Avoidance Rules (GAAR)

March 8, 2013

GAAR refers to General Anti-Avoidance Rules. These rules target any transaction or business arrangement that is entered into with the objective of avoiding tax. The objective is to check aggressive tax planning. What is meaning of Tax Avoidance? Avoidance means an attempt to reduce tax liability through legal means, i.e. to regulate your affairs in ..

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Nutrient Based Subsidy Scheme

September 23, 2012

The government recently said that it plans to appoint an independent agency to assess the price behaviour of crop nutrients after the introduction of nutrient-based subsidy (NBS) scheme in 2010. It’s worth note that there has been unprecedented hike in prices of non-urea fertilisers after the introduction of NBS scheme. The minister of state for ..

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