In the world of Operations Research, efficiency is everything. Once businesses know how to formulate problems and find optimal solutions using methods like the simplex, the next challenge is often about moving goods and assigning resources in the most cost-effective way. This is where Transportation and Assignment Models become the star performers, helping organizations save […]
After understanding the basics of Linear Programming through the graphical method, the next step in the journey of Operations Research is the Simplex Method. While the graphical method is perfect for problems with two decision variables, the real world is rarely that simple. Businesses often deal with multiple variables and complex constraints—making the graphical approach
In today’s competitive business world, every organization is in a constant race to maximize profit, minimize costs, and make the most efficient use of resources. But how do they ensure their decisions are not just guesses but calculated moves? The answer lies in Operations Research (OR), a discipline that blends mathematics, statistics, and logical reasoning
India’s taxation system has undergone significant reforms in recent years, and one of the most transformative steps was the introduction of the Goods and Services Tax (GST). Alongside GST, Customs Duty continues to be a crucial part of indirect taxes, impacting international trade and the domestic economy. This unit covers the structure, features, and procedures
The income tax system in India is not just about paying taxes — it’s about proper compliance, record-keeping, and timely filing of returns. This unit covers the key elements of the tax computation process, the required documentation, and the distinctions between lawful and unlawful tax-saving practices. Download UNIT 4 – Five Heads of Income and
Understanding how your income is categorized for tax purposes is the first step towards efficient tax planning. In India, income tax law divides all your earnings into five distinct “heads of income.” Knowing these categories and the deductions available under each can significantly impact your tax liability. This blog post will provide a clear overview
Income tax is one of the most important sources of revenue for the Indian government. It is levied on the income earned by individuals, companies, and other entities during a financial year. In this unit, we’ll break down the key concepts, rules, and calculations that form the foundation of the Indian income tax system. Download
Taxation is one of the most important tools through which the government collects revenue to fund public services, build infrastructure, and promote social welfare. Every citizen and business directly or indirectly contributes to the nation’s development through taxes. In this unit, we will explore the meaning, objectives, classification, and structure of taxation in India, along
The Indian economy has undergone significant transformation over the past few decades, driven by structural reforms, policy changes, and the need to adapt to global economic dynamics. While these reforms have opened new opportunities, they have also brought fresh challenges. This unit covers the major economic reforms like the LPG model, GST, and demonetization, and
India has emerged as one of the fastest-growing economies in the world, deeply integrated into global trade, investment, and financial flows. The country’s participation in the world economy has been shaped by the forces of globalization, the rise of foreign trade, and an increasing inflow of foreign investments. In this unit, we explore how India
