Ayussh Sanghi is teaching live on Unacademy Plus
APPROACH TO INDIAN ECONOMY 1.5 PRESENTED BY AYUSSH SANGHI
ABOUT ME Passionate about Teaching >Taught at most reputed Civil Services Institutes >CA, Lawyer Follow me on: https://unacademy.in/user/ AyusshSanghi
UNIT V FISCAL POLICY Central Government Pillar in hands of Central Government to control Money Supply. o What are the various tools in hands of CG to control Money Supply? Refer next slide for the various tools:
UNIT V FISCAL POLICY Let's Discuss this in separate components: (a) Fiscal Measures (b) Annual Financial Statements (c) Indian Taxation Regime (d) Planning
UNIT V FISCAL POLICY In this slide I would In this slide I would be discussing the first component: (a) Fiscal Measures (b) Annual Financial Statements
UNIT V - FISCAL POLICY (a) Fiscal Measures o What is Fiscal Policy? How is it used by the Government? o Actions taken by Finance Ministry: Whast s Fical Polic (oh Fiscal Measures o Finance Commission Recommendations (14th FC Importance of Recommendations) o Fiscal Responsibility and Budgetary Management (FRBM) Act, o Disinvestment of Public Sector Units (PSU's) to improve the Ith of the Economy
UNIT V FISCAL POLICY (a) Fiscal Measures What is Financial Stability? How does the government focus on achieving to achieve FS?
UNIT V FISCAL POLICY (a) Fiscal Measures Financial Sector Reforms brought about by the government in multiple sectors like Banking, Insurance, Provident Fund (PF)
UNIT V FISCAL POLICY (a)Fiscal Measures o Example: In 2014-15, Raising of Foreign Direct Investment (FDI) limit: Defence Sector-49% and Railway Sector-100% o What will be it's impact and benefits for each sector? o FSLRC Recommendations for the future and it's acceptance.
UNIT V - FISCAL POLICY (a) Fiscal Measures Financial Regulators of India - Their Powers, Functions, Jurisdiction: Reserve Bank of India(RBI), o Securities and Exchange Board of India(SEBI), Insurance Regulatory and Development Authority (IRDA), o Pension Fund Regulatory and Development Authority (PFRDA) How important is the role of Financial Stability and Development Council (FSDC) - It's objective and functions
UNIT V FISCAL POLICY (b) Annual Financial Statement What are: Plan Expenditure Non plan expenditure What are differences between each? Explain with Examples.
BE CAREFUL All concepts pertaining to topics such as: Fiscal Policy Deficits Reducing Inflation > Reducing Inflation Need to be analysed in proper detail as definitions are not asked in the exam. It is application oriented questions like the following:
PRELIMS 2014 With reference to Union Budget, which of the following, is/are covered under Non-Plan Expenditure? 1. Defence expenditure 2. Interest payments 3. Salaries and pensions 4. Subsidies Select the correct answer using the code given below. A. B. C. D. 1 only 2 and 3 only 1, 2, 3 and 4 None Solution (c)
PRELIMS 2013 In India, deficit financing is used for raising resources for (a) economic development (b) redemption of public debt (c) adjusting the balance of payments (d) reducing the foreign debt Solution (a)