Source: TH Context: Finance Minister will launch the “NITI NCAER States Economic Forum” portal today. The portal offers 30 years of consolidated data on social, economic, and fiscal parameters of all Indian states. About the NITI NCAER Portal: What is it? A digital platform offering comprehensive, state-wise data from 1990-91 to 2022-23, to support evidence-based …
Context: The Union Government has announced a shift from fiscal deficit to debt-to-GDP ratio as the primary fiscal anchor from FY 2026-27, targeting a 50±1% ratio by 2031. About Debt-to-GDP Ratio: It represents the proportion of a country’s total debt to its GDP, indicating economic stability and repayment capacity. Formula: What it represents? A higher …
Source: TOI Context: A finance ministry report cited monetary policy, macroprudential measures, and structural factors as possible contributors to the demand slowdown, highlighting differing views with the RBI on growth and inflation. About Fiscal Policy: Definition: Fiscal policy refers to the government’s use of taxation, spending, and borrowing to influence economic activity. Tools of Fiscal …
GS Paper 3 Syllabus: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment Source: IE Context: Over the course of the next four days, the Monetary Policy Committee (MPC) of RBI will deliberate whether interest rates should be hiked further or not. Background: Since May last year, RBI has …
Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. 4. What are the objectives of fiscal policy? Explain it types and how it is different from monetary policy? (250 words) Difficulty level: Easy Reference: Insights on India Why the question: The question is part of the static syllabus of …
