State Finance Commission

MODVAT or modified value added tax is related to the excise duty and manufacturers of excisable goods can avail their credit of duty paid under these central excise rules.

The cash resources at the disposal of the commercial banks get diminished

commercial irrigation projects

Foreign reserves were maintained at a very high level.

The RRBs were inaugurated on October 2, 1975. One of the first Regional Rural Banks established is the “Prathama Bank” sponsored by the Syndicate Bank at Moradabad District of Uttar Pradesh. State Bank of india Punjab National bank.

Bharat Heavy Electricals Limited

In India, National Income is calculated by the combined method. It combines two methods i.e product or output method and the income method. This is done to overcome the problem of deficiency of statistics. The product method endeavours to find out the net contribution to national income of all producing units. The income method adds up income and payments accruing of factors of production. This method is used in the tertiary  sector like government services banking etc and also in the commoity sector if output data is not available.

Change in quantity of money – change in rate of interest – change in investment – change in employment and output – change in price level

a few sellers, many buyers

Interest payments