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The GSTN's authorized capital is ₹ 100 million (US$1.2 million) in which initially the Central Government held 24.5 per cent of shares while the state government held 24.5 per cent. The remaining 51 per cent were held by non-Government financial institutions, HDFC and HDFC Bank hold 20%, ICICI Bank holds 10%, NSE Strategic Investment holds 10 ...
The last Railway Budget was presented on 25 February 2016 and on 21 September 2016, Government of India approved merger of the rail and general budgets from 2017. [21] The railway budget is estimated to be ₹ 264,600 crore (US$32 billion) for the financial year 2023–24.
The Government of India exercises its executive authority through a number of government ministries or departments of state. A ministry is composed of employed officials, known as civil servants, and is politically accountable through a minister. Most major ministries are headed by a Cabinet Minister, who sits in the Union Council of Ministers ...
Income for the Union government is from customs duty, excise tax, income tax etc., while state government income comes from sales tax (VAT), stamp duty etc.; now these have been subsumed under the various components of the Goods and Services Tax. The Sarkaria Commission was set up to review the balance of power between states' and the Union ...
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India.gov.in links to Union, State, District and local level official websites and is the most comprehensive portal about the government of India with links to 6,700 government websites. [3] The website also has a feature that customizes the content displayed, based on a user’s individual profile and preferences.
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