Questions

Bengaluru has became the second city in the country, and the first in south India, to have a full-fledged Metro rail in operation following the opening of a final 12-km section of the 42-km first phase of the Metro project. The first phase, comprising an 18-km east-west line and a 24-km north-south line, built at a cost of Rs 13,845 crore, was dedicated to the nation by President Pranab Mukherjee at an event in Bengaluru.

India ranks 131 in the 2016 Human Development Index (HDI) among the 188 countries. It scored 0.624 and was placed in medium human development category.

The index was unveiled recently as part of the Human Development Report (HDR) 2016 titled Human Development for Everyone published by the United Nations Development Programme (UNDP).

Corporation tax is a tax imposed on the net income of the company. Companies, both private and public which are registered in India under the Companies Act 1956, are liable to pay corporate tax.

Taxes in India are levied by the Central Government and the state governments. Some minor taxes are also levied by the local authorities such as the Municipality. The authority to levy a tax is derived from the Constitution of India which allocates the power to levy various taxes between the Central and the State.

Hence, Corporate Tax is imposed by Central Government.