Monetary and fiscal policies are complementary, and not contradictory to each other. They are interrelated and have to be judiciously combined to promote and stabilise the economic activity. The interrelation of monetary and fiscal policies is clear from the following points: (i) Monetary policy provides financial infrastructure and regulates money supply. Fiscal policy through its […]
Interrelation and Coordination of Monetary and Fiscal Policies | Economics
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Fiscal Policy Instruments Adopted during Inflation and Deflation
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Fiscal policy instruments (i.e., taxes, government expenditure and public debt), individually or in different combinations, can be employed to deal with the situations of inflations and deflation. During depression, the fiscal policy aims at promoting aggregate spending, increasing employment, and thus raising the economy from the depths of depression. During inflation, on the other hand, […]
Fiscal Policy in India: Objectives, Features, Taxation Policy, Critical Evaluation and Recent Developments
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In this article we will discuss about the fiscal policy in India. Learn about:- 1. Introduction to Fiscal Policy 2. Objectives of Government of India’s Fiscal Policy 3. Fiscal Policy in India- Success Parameters 5. Indian Taxation Policy 6. Fiscal Policy of India (Features) 7. Critical Evaluation 8. Fiscal Policy Developments in Recent Years 9. […]