Monetary Policy 1 Monetary policy is concerned with the measures taken to regulate the supply of money, the cost and availability of credit in the economy. Further, it also deals with the distribution of credit between uses and users and also with both the lending and borrowing rates of interest of the banks. In news: The central government recently has said that it would borrow an extra Rs 4.2 lakh crore during this fiscal. Medium Term Fiscal Policy Statement Medium Term Expenditure Framework Statement Among other targets, the act mandated the reduction of the fiscal deficit to 3% of GDP – Initial goal was March 31, 2009 but it has been postponed since 2008 to the most recent target of 3.1% for March 2023. UPSC: Public Administration as an optional subject is a very popular choice among UPSC IAS aspirants. Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. Government spending is fully, funded by tax revenue and overall the budget outcome has a neutral effect on the level of … 1. The article talks about the fiscal relationship shared by state and the centre and the challenges associated with it.) Source: The Hindu. Contractionary Fiscal Policy . Fiscal policy, measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocations of taxes and government expenditures. Jeevan mein computer ki upyogita essay in hindi argument evaluation essay template citations dans la dissertation. Reserve bank of India (in case of India) in controlling and monitoring the monetary policy. As we have seen in foregoing discussion, that fiscal (and other) deficits increases money supply in the market, an inflationary trend is created. Public Finance is one of the most important concept in Indian Economy. Kelkar Committee was created to suggest the roadmap for implementation of Direct Tax Code. 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