THE INCOME-TAX ACT, 1961 ARRANGEMENT OF SECTIONS

The financial education participation rate is about 50% 1 The savings account take-up rate is about 66% 2 We measure savings in FINCA using administrative data

THE INCOME-TAX ACT, 1961 ARRANGEMENT OF SECTIONS 100,000 in a savings account earning 1% interest per annum, and prices for goods and services rise 2% over a 1-year period, can you buy more than, less than

The financial education participation rate is about 50% 1 The savings account take-up rate is about 66% 2 We measure savings in FINCA using administrative data

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In terms of Section 20 of the Banking Regulation Act, 1949, a bank cannot grant any loans and advances on the security of its own shares

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A savings account is a cash asset The bank pays interest on the asset The interest is the income from that asset 2 Some tenants have assets that