Terms News

A number of multinational companies have recently announced mass layoffs, affecting thousands of employees. Some of the top companies like Twitter, Meta, Google and Amazon are compensating their employees while terminating their services to save on rising operational expenses. The idea behind making this payment is to ensure that the employees have enough to survive on before they get employed at any other place. However, is the severance pay subject to taxation? if the answer is yes, then how is it taxed?

Secrecy has a place in government, but not in international public-sector finance

Gujarat deputy chief minister Nitin Patel will head the panel that has eight terms of reference set for it

The move is part of the Narendra Modi government's strategy to help counter a depreciating rupee and high global crude oil prices

The group of states finance ministers decided to explore the possibilities of legal remedies to some of the clauses of ToR of 15th Finance Commission that are blatantly unconstitutional

The council will also assist in the preparation of any paper or research study which would enhance the 15th Finance Commission's understanding on the issues contained in its ToR

State shares have to be firmly founded on accurate measures of relative state taxable capacitywhich is now enabled by the goods and services tax

The issue of revenue sharing among states isn't exactly a 'North India vs South India' debate. Rather, it is more of a poor-vs-rich issue

Despite Jet Airways, IndiGo and Tata tapping out of the Air India sale process, the government is confident that the offer will generate sufficient interest

Critics of 15th Finance Commission's terms of reference have missed the fact that the government has asked the panel to consider incentives for states that have worked on population control