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GST

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GST(Goods and Service Tax) is one of the biggest tax reforms in the country. GST will turn India into one market, leading to greater ease of doing business. It is a consumption based tax with a dual structure. Its is classified into two Central Good and service tax and State Good and service tax.Center is given the power to levy sales tax and state government levy service tax. Some companies earn more as GST rate will be lower than their current tax rates and some will lose as the rate will be higher than present effective tax rate. While GST rates are yet to be decided some industry observers assumed it as 18%.  Literally, GST is the tax levied when a consumer buys a commodity from the market it removes all riddles with the indirect taxes, which GST aims to subsume with a single comprehensive tax, bringing it all under a single umbrella. For the members of the public GST will be a mixed bag. Currently, the indirect tax on manufactured goods ranges from 27%-32% and ind...

Expected cut off of SSC CGL 2016

  SSC response sheet and answer key is published on SSC website or follow the link below    http://thepracticetest.in/challengesystem/login.php?appid=1a4fff78943b24af40c79deccf09bb87 Expected cut off of SSC CGL 2016 UR OBC SC ST 120-130 120-110 112-98 104-94 This is just a assumption and not the actual cut off Considerable increase inthe cut off is due to following factors 1. Easy Examination 2.Change of Offline to online examination 3.Good Attempts by most aspirants.(Average serious attempt is 65-75 ) Previous Year Cut off SSC CGL 2015 UR OBC SC ST 102.25 89.50 80.25 74.25   SSC CGL 2014 UR OBC SC ST 96.50 82 77 69.50

NPA mounts up in PSU banks

There were 7,686 willful defaulters in India as of December 2015, as reviled by Ministry for State for Finance Jayant Singha in Rajya Sabha. Top 100 NPA with PSB is 1.73 lakh core as of December 2015. Total defaulters rose from 5,554 to 7,686 in three years to December 2015 while the amount involved more than doubled to 66,190 core from 27,749 core. In term of gross NPA State Bank of India comes top with Rs 72,291 crore and is followed by Bank of Baroda withRs 38,934 crore. Other banks with significant NPA are Punjab National Bank, Indian Overseas Bank, IDBI Bank, Canara Bank, Union Bank, Central Bank, UCO Bank and Corporation Bank.