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The Board for some time set a zero reserve requirement for banks with eligible deposits up to $16 million, 3% for banks up to $122.3 million, and 10% thereafter. The total removal of reserve requirements followed the Federal Reserve's shift to an "ample-reserves" system, in which the Federal Reserve Banks pay member banks interest on excess ...
The second "quarter" is two months (April and May) and the fourth is four months (September to December). [47] (Estimated taxes used to be paid based on a calendar quarter, but in the 60's the October due date was moved back to September to pull the third quarter cash receipts into the previous federal budget year which begins on October 1 ...
As per the new slab, for tickets up to Rs 250, there will be no additional tax other than the existing 45 per cent. For tickets costing Rs 251–350, government will charge 49.5 per cent entertainment tax. For tickets priced at Rs 351–500, the new tax will be 51.75 per cent, while tickets costing Rs 500 and above will attract 54 per cent tax.
China leads the world in terms of number of new fabs under construction, with 8 out of 19 worldwide in 2021, and 17 fabs in total are expected to start construction from 2021 to 2023. Total installed capacity of Chinese-owned chipmakers will also increase from 2.96 million wafers per month (wpm) in 2020 to 3.572 million wpm in 2021. [270]
During this first period, progress was rapid by European standards and per capita growth within the Eastern Bloc increased by 2.4 times the European average. [184] Eastern Europe accounted for 12.3 percent of European production in 1950 but 14.4 in 1970. [184] However, the system was resistant to change and did not easily adapt to new conditions.
The 2017 census recorded that 40.3% of the country's population was under the age of 15, while only 3.7% of Pakistanis were aged 65 or more. [507] The median age of the country was 19, [ 507 ] while its sex ratio was recorded to be 105 males per 100 females.
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