Analyst Questions

The standard deduction of Rs. 40,000 is seek to provide relief to salaried tax payers in the Budget proposals in place of the present exemption allowed for transport allowance and reimbursement of miscellaneous medical expenses.

RAM stands for Random Access Memory.

The four main functions of a computer are ::

1. Input,

2. Processing,

3. Output and

4. Storage

Appropriations are annual decisions made by Congress about how the federal government spends some of its money. In general, the appropriations process addresses the discretionary portion of the budget – spending ranging from national defense to food safety to education to federal employee salaries, but excludes mandatory spending, such as Medicare and Social Security, which is spent automatically according to formulas.

Hence, congress grants funds to federal agencies and programs during the appropriations process.

Small Industries and Development Bank of India (SIDBI) announced a plan to promote micro-enterprises in 115 aspirational districts across the country. It has tied up with Common Service Centre (CSC).

In order to determine the transaction type which is entered in the line item, a two digit numerical is used known as 'Posting Key'
Posting key determines:
a) Account Types
b) Types of posting. Debit or Credit
c) Field status of transaction