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An unconditional grant is usually a cash or tax point transfer, with no spending instructions. An example of this would be a federal equalization transfer . In 2017, Governor of Rivers State of Nigeria, Ezenwo Nyesom Wike said that he believes true fiscal federalism will "strengthen the economy of his country as all sections will develop based ...
Transfer payments to (persons) as a percent of federal revenue in the United States Transfer payments to (persons + business) in the United States. In macroeconomics and finance, a transfer payment (also called a government transfer or simply fiscal transfer) is a redistribution of income and wealth by means of the government making a payment, without goods or services being received in return ...
The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (also known as the SARFAESI Act) is an Indian law.It allows banks and other financial institutions to auction residential or commercial properties of defaulters to recover loans. [1]
The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India". [1]
The Karnataka Scheduled Castes and Scheduled Tribes (Prohibition of Transfer of Certain Lands) Act, 1978 [1] (Karnataka Act 2 of 1979) or PTCL is a statute of Karnataka. This law which was introduced in 1978 is retrospective in nature and is considered an ex post facto law .
Direct Benefit Transfer [a] or DBT is an attempt to change the mechanism of transferring subsidies launched by Government of India on 1 January 2013. This scheme or program aims to establish a Giro system to transfer subsidies directly to the people through their linked bank accounts. It is hoped that crediting subsidies into bank accounts will ...
Unconditional cash transfer (UCT) programs are philanthropic programs that aim to reduce poverty by providing financial welfare without any conditions upon the receivers' actions. [1] This differentiates them from conditional cash transfers where the government (or a charity) only transfers the money to persons who meet certain criteria. [ 2 ]
A jagir was technically a feudal life estate, as the grant reverted to the state upon the jagirdar's death.However, in practice, jagirs became a hereditary position. [10] [11] The family was thus the de facto ruler of the territory, earned income from part of the tax revenues and delivered the rest to the treasury of the state during the Islamic rule period, and later in parts of India that ...