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Dream Budget
The 1997 Union Budget of India, also called the Dream Budget by the Indian media, was presented on February 28, 1997, by Finance Minister P. Chidambaram in the Deve Gowda government. The budget presented a road map for economic reforms in India and included lowering income tax An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Tax ... rates, removal of the surcharge on corporate taxes, and reduced corporate tax rates. References {{reflist External links Official 97–98 Budget website Union budgets of India Economic history of India (1947–present) 1997 government budgets Gowda administration 1997 in Indian economy 1998 in Indian economy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emblem Of India
The State Emblem of India is the national emblem of the Republic of India and is used by the union government, many state governments, and other government agencies. The emblem is an adaptation of the Lion Capital of Ashoka, an ancient sculpture dating back to 280 BCE during the Maurya Empire. The statue is a three dimensional emblem showing four lions. It became the emblem of the Dominion of India in December 1947, and later the emblem of the Republic of India. History Following the end of British occupation on 15 August 1947, the newly independent Dominion of India adopted an official state emblem on 30 December 1947. The emblem consisted of a representation of the Lion Capital of Ashoka at Sarnath enclosed within a rectangular frame.Constituti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (India)
The Ministry of Finance (IAST: ''Vitta Maṃtrālaya'') is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget. The Ministry of Finance is the apex controlling authority of ''four'' central civil services namely Indian Revenue Service, Indian Audit and Accounts Service, Indian Economic Service and Indian Civil Accounts Service. It is also the apex controlling authority of one of the central commerce services namely Indian Cost and Management Accounts Service History R. K. Shanmukham Chetty was the first Finance Minister of independent India. He presented the first budget of independent India on 26 November 1947. Department of Economic Affairs The Department of Economic Affairs is the nodal agency of the Union Government to formulate and monitor country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Parliament
The Parliament of India ( IAST: ) is the supreme legislative body of the Republic of India. It is a bicameral legislature composed of the president of India and two houses: the Rajya Sabha (Council of States) and the Lok Sabha (House of the People). The president in his role as head of the legislature has full powers to summon and prorogue either house of Parliament or to dissolve the Lok Sabha. The president can exercise these powers only upon the advice of the prime minister and his Union Council of Ministers. Those elected or nominated (by the president) to either house of Parliament are referred to as members of Parliament (MPs). The members of parliament of the Lok Sabha are directly elected by the Indian public voting in single-member districts and the members of parliament of the Rajya Sabha are elected by the members of all state legislative assemblies by proportional representation. The Parliament has a sanctioned strength of 543 in the Lok Sabha and 245 in the R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Progressive Alliance
United Progressive Alliance (UPA) is a centre-left political alliance of predominantly left-leaning political parties in India. It was formed after the 2004 general election with support from left-leaning political parties when no single party got the majority. UPA ruled India from 2004 till 2014. The largest party in UPA is Indian National Congress (INC). History 2004–2008 UPA was formed soon after the 2004 general elections when no party had won a majority. The then ruling Bharatiya Janata Party-led National Democratic Alliance (NDA) won 181 seats of 544, as opposed to the UPA's tally of 218 seats. The Left Front with 59 MPs (excluding the speaker of the Lok Sabha), the Samajwadi Party with 39 MPs and the Bahujan Samaj Party with 19 MPs were other significant blocks that supported UPA at various times. UPA did not achieve a majority, rather it relied on external support, similar to the formula adopted by the previous minority governments of the United Front, the NDA ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Budget Of India
The Union Budget of India, also referred to as the ''Annual Financial Statement'' in Article 112 of the Constitution of India, is the annual budget of the Republic of India. The Government presents it on the first day of February so that it could be materialised before the beginning of new financial year in April. Until 2016 it was presented on the last working day of February by the Finance minister, Finance Minister in Parliament of India, Parliament. The budget division of the department of economic affairs (DEA) in the finance ministry is the nodal body responsible for producing the budget. It is presented by means of the Finance bill and the Appropriation bill has to be passed by Lok Sabha before it can come into effect on 1 April, the start of India's financial year. An interim budget is not the same as a 'Vote on Account'. While a 'Vote on Account' deals only with the expenditure side of the government's budget. An interim budget is a complete set of accounts, including bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Media
The Indian media consists of several different types of communications of mass media: television, radio, Cinema of India, cinema, Newspaper, newspapers, magazines, and Internet-based Websites/portals. Indian media was active since the late 18th century. The print media started in India as early as 1780. Radio broadcasting began in 1927. Indian media is among the oldest in the world. It dates back even before the reign of Ashoka. today Many of the media are controlled by large, corporations, which reap revenue from advertising, subscriptions, and sale of copyrighted material. India has over 500 Cable television, satellite channels (more than 80 are news channels) and 70,000 newspapers, the biggest newspaper market in the world with over 100 million copies sold each day. The French NGO Reporters Without Borders compiles and publishes an annual ranking of countries based upon the organisation's assessment of its Press Freedom Index. In 2022, India was ranked 150th out of 180 count ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deve Gowda Ministry
H. D. Deve Gowda was sworn in as Prime Minister of India on 1 June 1996. In his initial ministry the ministers were as follows. Cabinet ministers Ministers of State * R. Dhanuskodi Athithan, Department of Youth Affairs and Sports in the Ministry of Human Resource Development. * M. P. Veerendra Kumar Ministry of Finance * Mohammed Maqbool Dar, Ministry of Home Affairs. * Muhi Ram Saikia, Department of Education in the Ministry of Human Resource Development. * N. V. N. Somu, Ministry of Defence. * Satpal Maharaj, Ministry of Railways. * S. R. Balasubramaniam, Ministry of Personnel, Public Grievances and Pensions and Ministry of Parliamentary Affairs. * T. R. Baalu, Ministry of Petroleum and Natural Gas The Ministry of Petroleum and Natural Gas (MOP&NG) is a ministry of the government of India responsible for the exploration, production, refining, distribution, marketing, import, export, and conservation of petroleum, natural g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Tax In India
Income tax in India is governed by Entry 82 of the Union List of the Seventh Schedule to the Constitution of India, empowering the central government to tax non-agricultural income; agricultural income is defined in Section 10(1) of the Income-tax Act, 1961. Income-tax law consists of the 1961 act, Income Tax Rules 1962, Notifications and Circulars issued by the Central Board of Direct Taxes (CBDT), annual Finance Acts, and judicial pronouncements by the Supreme and high courts. The government taxes certain income of individuals, Hindu Undivided Families (HUF's), companies, firms, LLPs, associations, bodies, local authorities and any other juridical person. Personal tax depends on residential status. The CBDT administers the Income Tax Department, which is part of the Ministry of Finance's Department of Revenue. Income tax is a key source of government funding. The Income Tax Department is the central government's largest revenue generator; total tax revenue increased ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Surtax
A surtax is a tax levied upon another tax, also known as tax surcharge. Canada The provincial portion of the value-added tax on goods and services in two Canadian jurisdictions, Québec and Prince Edward Island, was formerly calculated as a surtax on the sticker price plus the federal Goods and Services Tax. On Prince Edward Island, provincial sales tax was assessed at 10% on top of the federal tax (as of 2013) of 5%, resulting in a total effective rate of 15.5% at the time of its repeal. Taxe de Vente de Québec was 9.5%, also assessed on top of the federal tax of 5%, resulting in a total tax burden of 14.975; it, too, was changed in 2013 so as no longer to be a surtax. United Kingdom In 1929, the supertax (which had been introduced in the Finance Act 1909 at the rate of 6 old pence in the pound (2.5%) on incomes over £5,000 per year) was renamed to surtax. By 1934, the rate was variable from 1 shilling to 7 shillings and sixpence in the pound (5% to 37.5%). It was replace ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Budgets Of India
Union commonly refers to: * Trade union, an organization of workers * Union (set theory), in mathematics, a fundamental operation on sets Union may also refer to: Arts and entertainment Music * Union (band), an American rock group ** ''Union'' (Union album), 1998 * ''Union'' (Chara album), 2007 * ''Union'' (Toni Childs album), 1988 * ''Union'' (Cuff the Duke album), 2012 * ''Union'' (Paradoxical Frog album), 2011 * ''Union'', a 2001 album by Puya * ''Union'', a 2001 album by Rasa * ''Union'' (The Boxer Rebellion album), 2009 * ''Union'' (Yes album), 1991 * "Union" (Black Eyed Peas song), 2005 Other uses in arts and entertainment * ''Union'' (Star Wars), a Dark Horse comics limited series * Union, in the fictional Alliance–Union universe of C. J. Cherryh * '' Union (Horse with Two Discs)'', a bronze sculpture by Christopher Le Brun, 1999–2000 * The Union (Marvel Team), a Marvel Comics superhero team and comic series Education * Union Academy (other) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of India (1947–present)
India was the one of the largest economies in the world, for about two and a half millennia starting around the end of 1st millennium BC and ending around the beginning of British rule in India. Around 500 BC, the Mahajanapadas minted punch-marked silver coins. The period was marked by intensive trade activity and urban development. By 300 BC, the Maurya Empire had united most of the Indian subcontinent including Tamilakam, which was ruled by Three Crowned Kings. The resulting political unity and military security allowed for a common economic system and enhanced trade and commerce, with increased agricultural productivity. The Maurya Empire was followed by classical and early medieval kingdoms, including the Cholas, Pandyas, Cheras, Guptas, Western Gangas, Harsha, Palas, Rashtrakutas and Hoysalas. The Indian subcontinent had the largest economy of any region in the world for most of the interval between the 1st and 18th centuries. Maddison, Angus (2003): Development Centr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1997 Government Budgets
File:1997 Events Collage.png, From left, clockwise: The movie set of ''Titanic (1997 film), Titanic'', the List of highest-grossing films, highest-grossing movie in history at the time; ''Harry Potter and the Philosopher's Stone'', is published; Comet Hale-Bopp passes by Earth and becomes one of the most observed comet, comets of the 20th century; Golden Bauhinia Square, where sovereignty of Hong Kong is Handover of Hong Kong, handed over from the United Kingdom to the People's Republic of China; the 1997 Central European flood kills 114 people in the Czech Republic, Poland, and Germany; Korean Air Flight 801 crashes during heavy rain on Guam, killing 229; Mars Pathfinder and Sojourner (rover), Sojourner land on Mars; flowers left outside Kensington Palace following the death of Diana, Princess of Wales, in a car crash in Paris., 300x300px, thumb rect 0 0 200 200 Titanic (1997 film) rect 200 0 400 200 Harry Potter rect 400 0 600 200 Comet Hale-Bopp rect 0 200 300 400 Death of Diana ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
