junior science refresher magazine

junior science refresher magazine 

junior science refresher magazine published this article page no    61 proposed solution of global tax deal consists of two components pillar one which is about reallocation of an additional share of profit to the market jurisdictions and pillar two consisting of minimum tax and subject to tax rules.  as per indiaus pact india will continue to impose el till march 31 2024 or till the implementation of pillar 1 whichever is earlier. 23 3. economy 3.1. state finances why in news? rbi released report titled state finances a study of budgets of 202122 with theme coping with the pandemic a thirdtier dimension. more about news  it is an annual publication that provides information analysis and an assessment of the finances of state governments.  key highlights of report o for 202122 states have budgeted their consolidated gross fiscal deficit (gfd) to gross domestic product (gdp) ratio at 3.7 % (improvement from 4.7 % in the revised estimates for 202021). o the combined debt to gdp ratio of states which stood at 31 % at endmarch 2021. it is higher than the target of 20 % to be achieved by 202223 as per recommendations of the frbm review committee.15th finance commission expects the debtgdp ratio to peak at 33.3% in 202223 and gradually decline thereafter to reach 32.5% by 202526. o the ratio of interest payment to revenue receipts has been increasing in recent years at a steady pace indicating erosion of debt sustainability. o market borrowing the largest component of outstanding debt is expected to reach 63 per cent at endmarch 2022. o the shares of national small savings fund (nssf) loans from banks and financial institutions and public accounts in total outstanding liabilities of the states have declined over the years. o with the thirdtier governments in india playing a frontline role in combating the pandemic by implementing containment strategies healthcare quarantining and testing facilities etc their finances have come under severe strain. o it is estimated that local authorities would lose around 1525 per cent of their revenues in 2021 which may make the maintenance of the current level of service delivery difficult. why understanding of state finances is important junior science refresher magazine buy.

junior science refresher magazine