Know About Taxation in India

Governments levy taxes on their citizens in order to generate income for accomplishing different projects. These projects help to enhance the economy of a particular country and they also elevate their citizens’ standard of living. In India, the power of the government to charge tax is derived from the Constitution of India. This assigns the […]Read More

Repo Rate vs. Reverse Repo Rate

The Reserve Bank of India (RBI) is the central bank and the apex banking institution of the nation. Commenced on 1st April 1935 in accordance with the Reserve Bank of India Act, 1934, the RBI has been doing a prodigious work. Though being a private entity initially, the Reserve Bank of India was nationalised in […]Read More

Know About GST (Goods and Services Tax)

What is GST? GST is an indirect tax system in India that is referred to “Goods and Service Tax”. It’s far changed through older cascading tax machine which is implemented through central and state government. GST is the combination of three additives; CGST, SGST, and IGST.  CGST: C stands for central government. CGST is accumulated […]Read More

Payment Banks: All you need to know about Payment Banks

A nation’s level of development is often attributed to the degree by which its banking system has been progressed. A robust banking system is one of the major components of a sterling infrastructure. This being one of the major reasons why the government of almost all nations invests heavily in banking structure and why developed […]Read More