In 2007, the Social Security Trustees suggested that either the payroll tax could increase to 16.41 percent in 2041 and steadily increased to 17.60 percent in 2081 or a cut in benefits by 25 percent in 2041 and steadily increased to an overall cut of 30 percent in 2081.
effective rate of protection. the real amount of PROTECTION accorded to domestic suppliers of a final product when a TARIFF is applied to a competing imported final product (see IMPORTS), but either no tariff, or a lower rate of tariff, is applied on FACTOR INPUTS that are imported to produce that product.
MCLR, Base Rate Trend, PLR Trend of All Banks in India. Base Rate. Base Rate is the minimum interest rate at which a bank can lend except for loans to its own employees, its retired employees and against bankâs own deposits. All floating and fixed rate loans sanctioned by banks before 1st April, 2016 were priced using base rate as benchmark.