WebzFiscal Council should be constituted with following functions: zzIt will prepare a multi-year fiscal forecast. zzIt will improve collection of better quality fiscal data. zzIt will advise government if there is a need of deviation for FRBM Act. zzIt will help government to take corrective measures for non-compliance to the bill. WebNowadays, the importance of fiscal policy is increased, and economic stability is the main base through which the country's development is mainly considered. India's main and crucial fiscal policy role is achieving fast and rapid economic growth. Along with fiscal policy, monetary policy plays an essential role in managing the country's economy.
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WebBYJU'S IAS helps you cut through the noise and understand the tricky, yet important, concepts, issues, and topics for UPSC Civil Service Exam. Through the da... WebMar 25, 2024 · The cyclicality of the fiscal policy refers to a change in direction of government expenditure and taxes based on economic conditions. These pertain to decisions by policymakers based on the fluctuations in economic growth. There are two types of cyclical fiscal policies - counter-cyclical and procyclical. Counter-cyclical Fiscal … twinmotion is compatile with revit
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