Fiscal Policy And Monetary Policy Of India
Fiscal Policy And Monetary Policy Of India
Fiscal Policy and Monetary Policy of India: Fiscal Policy is the main part of Economic Policy. Fiscal Policy's first word Fiscal is taken from French word "Fisc"; it means treasure of Government. Therefore, we can define_fiscal policy as the revenue and expenditure policy of Government of India. It is prime duty of Government to make fiscal policy. By making this policy, Government collects money from different resources and utilises it in different expenditure. Thus, fiscal policy is related to development policy. All welfare projects are completed under this policy.Objectives of Fiscal Policy: There are following objectives of fiscal policy:
1. Development of Country
2. Employment
3. Removal of Inequality
4. Fixation of Govt. ResponsibilityEffective use of resources is the duty of the Government, and by making of fiscal policy, different minister's accountability can be checked.
Techniques of Fiscal Policy:
1. Taxation Policy: Government of India passes finance bill every year. In this bill, the government determines the rate of taxes. It can increase or decrease these tax rates and amend previous rules of taxation. The main source of government's earnings is taxation. However, more tax on public will adversely affect the development of economy.
2. Expenditure Policy: Large public expenditure is involved in opening of govi schools, colleges and universities, making ofbridges, roads and new railway tracks, All this expenditure is based on government's expenditure policy. Government can inerease or decrease the amount of public expenditure by changing the budget.3. Deficit Financing: If Government's expenditure is more than its revenue, it bridges this deficit through borrowings from central bank of country. But, deficit financing will reduce the purchasing power of currency. More new currency will increase inflation.
4. Public Debt Policy: Government can take loan trom worla bank of trom public by issuing government securities andbonds. But it will also increase the cost of debt m the fom of iterest, which government has to pay on the amount of loan,
Limitations of Fiscal Policy:
1. Inflation in India is increasing rapidly and living of poor person has become difficult. This shows the failure of Indian fiscal policy.
2. Government fiscal policy has failed to reduce the black money.
3. Loans from World Bank imply that government has to obey the rules and regulations of World Bank and IMF.
4. Rate of unemployment is increasing fast
Students / Parents Reviews [20]
My experience was very good with Abhyas academy. I am studying here from 6th class and I am satisfied by its results in my life. I improved a lot here ahead of school syllabus.
Ayan Ghosh
8thAbhyas is good institution and a innovative institute also. It is a good platform of beginners.Due to Abhyas,he has got knoweledge about reasoning and confidence.My son has improved his vocabulary because of Abhyas.Teacher have very friendly atmosphere also.
Manish Kumar
10thAbout Abhyas metholodology the teachers are very nice and hardworking toward students.The Centre Head Mrs Anu Sethi is also a brilliant teacher.Abhyas has taught me how to overcome problems and has always taken my doubts and suppoeted me.
Shreya Shrivastava
8thMy experience with Abhyas academy is very nice or it can be said wonderful. I have been studying here from seven class. I have been completing my journey of three years. I am tinking that I should join Abhyas Academy in tenth class as I am seeing much improvement in Maths and English
Hridey Preet
9thIt was a good experience with Abhyas Academy. I even faced problems in starting but slowly and steadily overcomed. Especially reasoning classes helped me a lot.
Cheshta
10thBeing a parent, I saw my daughter improvement in her studies by seeing a good result in all day to day compititive exam TMO, NSO, IEO etc and as well as studies. I have got a fruitful result from my daughter.
Prisha Gupta
8thAbhyas academy is great place to learn. I have learnt a lot here they have finished my fear of not answering.It has created a habit of self studying in me.The teachers here are very supportive and helpful. Earlier my maths and science was good but now it has been much better than before.
Barkha Arora
10thAbhyas institute is one of the best coaching institute in the vicinity of Ambala Cantt area. The teachers of the institute are well experienced and very helpful in solving the problems of the students.The good thing of the institute is that it is providing extra classes for the students who are w...
Aman Kumar Shrivastava
10thThird consective year,my ward is in Abhyas with nice experience of admin and transport support.Educational standard of the institute recumbent at satisfactory level. One thing would live to bring in notice that last year study books was distributed after half of the session was over,though study ...
Ayan Ghosh
8thThe experience was nice. I studied here for three years and saw a tremendous change in myself. I started liking subjects like English and SST which earlier I ran from. Extra knowledge gave me confidence to overcome competitive exams. One of the best institutes for secondary education.
Aman Kumar Shrivastava
10thAbhyas Methodology is very good. It is based on according to student and each child manages accordingly to its properly. Methodology has improved the abilities of students to shine them in future.
Manish Kumar
10thA marvelous experience with Abhyas. I am glad to share that my ward has achieved more than enough at the Ambala ABHYAS centre. Years have passed on and more and more he has gained. May the centre flourish and develop day by day by the grace of God.
Archit Segal
7thIt was good as the experience because as we had come here we had been improved in a such envirnment created here.Extra is taught which is beneficial for future.
Eshan Arora
8thWe started with lot of hope that Abhyas will help in better understnding of complex topics of highers classes. we are not disappointed with the progress our child has made after attending Abhyas. Though need to mention that we expected a lot more. On a scale of 1-10, we would give may be 7.
Manya
8thOne of the best institutes to develope a child interest in studies.Provides SST and English knowledge also unlike other institutes. Teachers are co operative and friendly online tests andPPT develope practical knowledge also.
Aman Kumar Shrivastava
10thMy experience with Abhyas Academy has been very good. When I was not in Abhyas whenever teacher ask questions I could not speak it confidently but when I came in Abhyas, my speaking skills developed and now I am the first one to give the answer of teachers question.
Upmanyu Sharma
7thAbhyas is an institute of high repute. Yogansh has taken admission last year. It creates abilities in child to prepare for competitive exams. Students are motivated by living prizes on basis of performance in Abhyas exams. He is satisfied with institute.
Yogansh Nyasi
7thIt has a great methodology. Students here can get analysis to their test quickly.We can learn easily through PPTs and the testing methods are good. We know that where we have to practice
Barkha Arora
10thWhen I have not joined Abhyas Academy, my skills of solving maths problems were not clear. But, after joining it, my skills have been developed and my concepts of science and SST are very well. I also came to know about other subjects such as vedic maths and reasoning.
Sharandeep Singh
7thIn terms of methodology I want to say that institute provides expert guidence and results oriented monitering supplements by requsite study material along with regular tests which help the students to improve their education skills.The techniques of providing education helps the students to asses...
