The Mughal tax system, which was introduced during the reign of the Mughal Empire, had many drawbacks. The taxes were levied at an extremely high rate, which led to poverty and unequal distribution of wealth. Moreover, the tax system was based on religious principles, which disadvantaged the non-Muslim population. There was also no infrastructure to modernize the tax system, which meant that it was inefficient and prone to corruption.

The capital market is an important component of a modern economy. It is a financial market where businesses and governments can raise money by selling debt and equity instruments to investors. It helps to create a stable and efficient environment for investments, provide liquidity to the markets, and reduces the cost of capital for entities. It is also an efficient way for investors to diversify their investments and gain access to global markets. Thus, the capital market plays a crucial role in the economic growth and stability of a country.

Tax systems vary greatly between countries, but generally involve the government collecting money from citizens and businesses to finance public services.

The economy is the set of interrelated activities through which a society produces and acquires goods and services to satisfy its needs. It is the way a nation produces, buys, and sells goods and services. It is about how much you have and what you do with it. The economy is about money and jobs.

12a registration is a process by which an NGO can be recognized by the government as an organization that is working in the public interest. It is an important step for any NGO because it allows them to receive funding and other support from the government.