IMPACT OF VALUE-ADDED TAXATION ON INDIAN ECONOMIC SYSTEM A tax is “a backbone of every country to meet their social obligations”. Value Added Tax (VAT) is a general consumption tax assessed on the value added to goods and services. It is a general tax that applies‚ in principle‚ to all commercial activities involving the production and distribution of goods and the provision of services. India has a well-developed tax structure with clearly demarcated authority between Central and
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"INR" redirects here. For other uses‚ see INR (disambiguation). For the Malayalam film‚ see Indian Rupee (film). Indian rupee ₹ | रुपया (Hindi) | | ISO 4217 code | INR | Central bank | Reserve Bank of India | Website | www.rbi.org.in | Official user(s) | India | Unofficial user(s) | Bhutan (alongside theBhutanese ngultrum) Nepal (alongside theNepalese rupee) | Inflation | 5.96%‚ March 2013 | Source | Economic Adviser | Method | WPI | Pegged by | Bhutanese ngultrum (at
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INDIAN ARMY (IA‚ Bhāratīya Thalasēnā) Introduction : The Indian Army (IA‚ Bhāratīya Thalasēnā) is the land based branch and the largest component of the Indian Armed Forces. The Indian Army came into being when India gained independence in 1947‚ and inherited most of the infrastructure of the British Indian Army that were located in post-partition India. Since independence‚ the army has been involved in four wars
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INTRODUCTION The Indian rupee (sign: ₹; code: INR) is the official currency of the Republic of India. The issuance of the currency is controlled by the Reserve Bank of India.[1] The modern rupee is subdivided into 100 paise (singular paisa)‚ though as of 2011 only 50-paise coins are legal tender.[2][3] Banknotes in circulation come in denominations of ₹5‚ ₹10‚ ₹20‚ ₹50‚ ₹100‚ ₹500 and ₹1000. Rupee coins are available in denominations of ₹1‚ ₹2‚ ₹5‚ ₹10‚ ₹50‚ ₹100‚ ₹150 and ₹1000; of these‚ the
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Features of Indian Society Society is group of people interacting with each other due to similarities among them as well as differences among them. Our Indian society is said to have “Unity in diversity”. Our preamble recognizes India as a Union of States only because of the vast diversity. some of the features of Indian society are as follows: Hindu way of life: Hindu religion is the indigenous religion of India. And it is said that tolerance and non-violence of Hindu way of life shape the nation
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EXECUTIVE SUMMARY Indian Airlines is the oldest carrier in the domestic aviation industry. It has been the main stay for domestic air travel in India for more than 45 years. With the arrival of other private airlines‚ its interests have been hurt‚ but it is continuing it’s quest to be the leader in this industry. During the research‚ the main objectives of the study have been: a)To understand the perception of travellers towards Indian Airlines. b)Also to apprehend the perceptions of travel
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One of the biggest stereotypes of Indian tribes is non-Indians believe that all Indians are alike. Unlike most people think of Indians‚ Indian tribes are consisted of 511 different tribes‚ recognized by the federal government and additional 200 unrecognized tribes. Mostly medias are the biggest contributor of implanting these stereotypes of Indian tribe members. Indian tribes wear big feathery headdresses‚ have body paints‚ live in tipis‚ make war cry sound to communicate‚ worship natures‚ and so
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INDIAN MUSIC Indian music is the oldest unbroken musical tradition in the world. It is considered the most intricate musical system that contained highly development polyrhythms‚ delicate nuances‚ ornamentation and microtone. The center of Indian music lies in the imaginative melodies and improvised rhythmic patterns created by Indian composers. There are important aspects from the ‘heart; of the musical tradition of India. 1. Guru - Teaches students to be humble towards elders or those are in
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Indian Railways (Hindi: भारतीय रेल Bhāratīya Rail)‚ abbreviated as IR (Hindi: भा.रे.)‚ is the state-owned railway company of India‚ which owns and operates most of the country’s rail transport. It is overseen by the Ministry of Railways of the Government of India. Indian Railways has more than 64‚015 kilometres (39‚777 mi)[5] of track and 6‚909 stations. It has the world’s fourth largest railway network after that of the United States‚ Russia and China.[5] The railways traverse the length and breadth
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Indians made a huge contribution to our modern culture and life‚ including economic‚ social‚ political‚ and environmental fields. Jack Weatherford in his book Indian Givers stated‚ that Indians who lived on the lands of Americas were very wise men‚ and they have taught the people from all over the world many useful things in many fields like industry and agriculture‚ food and culinary‚ economy and medicine. It is very important for people who live now to understand this and to be grateful for everything
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