Economy NOtes

In the realm of banking and finance, the term “Substandard Assets” or “Non-Performing Assets (NPAs)” carries significant weight

Public Sector Banks (PSBs) play a pivotal role in the economic landscape of many countries, serving as key pillars of the financial system.

In India, the banking system serves as a crucial financial intermediary, facilitating transactions between savers and borrowers.

Commercial banks in India play a pivotal role in the nation’s economy, serving as the primary financial intermediaries between depositors and borrowers

Tax-related terms can often seem like an impenetrable maze of jargon and complexity, leaving many individuals and businesses feeling bewildered.

Minimum Alternative Tax (MAT) is a provision in the Indian Income Tax Act introduced to ensure that companies, despite having zero or low tax liabilities as per the regular provisions

Goods and Services Tax (GST) stands as a pivotal fiscal policy tool adopted by many countries, including India, to streamline the taxation system.

The e-way bill, abbreviated for electronic way bill, serves as a requisite permit for the transportation of goods exceeding the value of Rs. 50,000,

The Goods and Services Tax (GST) stands as a pivotal taxation reform implemented by numerous countries worldwide, aimed at revolutionizing their tax structure.

Pigovian taxes and ad valorem taxes are two distinct mechanisms utilized by governments to address market inefficiencies and generate revenue