From Swachh Bharat Cess to Education cess, there are presently being 30 cesses and surcharges being levied by the government. However, proposed GST regime, all the cesses and surcharge shall be subsumed into GST tax rate.
Current Account Deficit is a situation when nation’s value of imports is greater than the value of exports. It is calculated regarding percentage to GDP. Any percentage of more than 5 % of GDP will have a negative impact on the economy.